Govts agree to cap Snowy Hydro foreign ownership. 30/05/2006. ABC News Online

The New South Wales, Victorian and Federal Governments have confirmed they will limit foreign ownership of the Snowy Hydro Scheme, and impose conditions on its new owners.
The three governments are selling their shares in the Australian icon, which will be listed on the stock exchange.
Several federal Coalition MPs, independents and the minor parties have raised concerns about the sale.
Finance Minister Nick Minchin says legislation will be introduced into Parliament next month to limit foreign ownership to 35 per cent, and to stop any individual or company owning more than 15 per cent.
The bill will also ensure that the head office of Snowy Hydro will remain in Cooma, in New South Wales and that at least two-thirds of the board - including the chairman - must be Australian citizens.
The New South Wales and Victorian Governments say they support the Commonwealth's legislation