the australian federal and sydney south wales agencies will not be retaining their shares in snowy water corporation ( the owner and operating of the northern region hydroelectric - optic authority ) . snowy hydro inc ' s largest shareholder is the nsw administration with a 58 % 60-percent . the victorian government owns 29 fifty and the federal government has a 13 percent minority . territory leader morris iemma announced in july 2005 that he wished to trade the city ' s role in snowy river that caused the federal and victorian governments to follow . the projected sale has attracted increasing criticism by those who stated that the deal would affect the climate and water infrastructure throughout the snowy mountain , this was affirmed yesterday since 58 eminent australians filed a lawsuit to the premier backing the sale .
new south wales governments owns the shares of gorge utilities limited shares .