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AusNet Services owns and operates the electricity transmission network and gas and power distribution assets in Victoria, Australia's second-most-populous state. (Source photos by Getty Images and screenshot from AusNet Services' website) 
Business Spotlight

Australia's foreign ownership rules face first test in $7bn battle for AusNet

Electricity network has attracted Canadian interest -- and there's a China twist

PRASHANT MEHRA, Contributing writer | Australia

SYDNEY -- A tussle for ownership of a vast electricity network in Australia is shaping up as a test of the country's attitude toward foreign investment in critical infrastructure, months after Canberra tightened approval rules for overseas owners.

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