COMMONWEALTH OF AUSTRALIA
Foreign Acquisitions and Takeovers Act 1975
ORDER UNDER SUBSECTION 67(2)
WHEREAS —
(A) On 15 April 2016 and 10 May 2016, Cheung Kong Infrastructure Holdings Limited, Power Assets Holdings Limited, CK Hutchinson Holdings Limited and Cheung Kong Property Holdings Limited gave notice under the Foreign Acquisitions and Takeovers Act 1975 (the Act) that they propose to acquire a 50.4 per cent interest in the assets of the Ausgrid electricity network (the proposed acquisition);
(B) I am satisfied that the proposed acquisition would be a significant action under one or more of the following provisions:
(C) I am satisfied that taking the significant action would be contrary to the national interest.
NOW THEREFORE
I, THE HON SCOTT MORRISON MP, Treasurer of the Commonwealth of Australia, hereby make an order in accordance with items 5, 6 and 8 of the table in subsection 67(2) of the Act, PROHIBITING: the whole of the proposed acquisition and the entering into of the significant agreement (as the case requires).
SCOTT MORRISON
Treasurer