Australia's biggest private landholding could be carved up to satisfy Treasurer Scott Morrison after he blocked its sale to Chinese investors, saying it would threaten National Security. The rejection has cast doubt on the Turnbull government's claims that it is open for business and foreign investment. S. Kidman & Co.'s properties, which include the world's biggest cattle station, failed to gain approval from the Foreign Investment Review Board because one of its properties was too close to the Woomera Prohibited Area – a remote part of the South Australian outback used to test nuclear bombs, launch satellites and track space missions. Mr Morrison said selling...
↧