Australia is reviewing rules for selling state-owned infrastructure to foreigners after the Obama administration raised concerns that Chinese investors had bought a port in the northern city of Darwin where U.S. Marines are based.
The government is consulting with states and territories on future asset sales, after the Northern Territory last month approved leasing the Port of Darwin to China’s privately-owned Landbridge Group, Treasurer Scott Morrison said Thursday. President Barack Obama and Prime Minister Malcolm Turnbull discussed the issue when they met on the fringes of the Asia-Pacific Economic Cooperation forum in Manila this week.
“There are constitutional issues around the sovereignty around particular critical infrastructure assets, which are held by states and territories, so it’s not something the Commonwealth government can simply move on unilaterally,” Morrison told reporters in Sydney on Thursday. For the full article click here
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