Chinese-owned Alinta Energy has admitted it is still not fully compliant with conditions set in 2017 by the Foreign Investment Review Board (FIRB) for its $4.1 billion takeover by Hong Kong-based Chow Tai Fook Enterprises, with requirements on data security and power plant operations still outstanding.
A Senate committee has also heard allegations that consulting firm Ernst & Young was conflicted when it assessed whether Alinta had complied with the FIRB conditions, because it was also providing internal audit services to the energy company and a senior EY partner had been its interim chief financial officer.
