Treasurer Scott Morrison has foreshadowed scrutiny of state and territory foreign investment decisions, distancing the federal government from the controversy over a 99-year lease of the Port of Darwin to a Chinese company with military ties.
Mr Morrison said he was in talks with the State and Territory leaders over the sale of assets to foreign investors, after flagging a wider strategic national assets and critical infrastructure last week in the wake of defence community concerns over the deal.
States and Territories can sell land to foreign investors without the need for Foreign Investment Review Board approval under certain conditions. Mr Morrison said talks were underway about the way these sales would take place in the future. For the full article click here
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