Original article by Primrose Riordan
The Australian Financial Review – Page: 1 & 6 : 8-Aug-16

The New South Wales Government’s partial privatisation of Ausgrid could be blocked on the grounds of national security. Cheung Kong Infrastructure and China’s State Grid Corporation are expected to pay about $A10bn for a 50.4 per cent stake in the electricity grid, via a 99-year lease. However, the deal must be approved by the Foreign Investment Review Board, and federal Treasurer Scott Morrison says national security will be the main consideration. Several MPs and senators have expressed concern about the proposed sale of Ausgrid.

CORPORATES
AUSGRID PTY LTD, STATE GRID CORPORATION OF CHINA, CHEUNG KONG INFRASTRUCTURE HOLDINGS LIMITED, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, ONE NATION PTY LTD, NICK XENOPHON TEAM, AUSTRALIAN STRATEGIC POLICY INSTITUTE LIMITED, AUSTRALIAN LABOR PARTY, AUSTRALIAN TAXATION OFFICE, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, TRANSGRID, S KIDMAN AND COMPANY PTY LTD, UNIONS NSW, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET