Kidman decision’s angry response
A FURORE has erupted over the decision to knock back a bid by a foreign-led consortium for Australia’s largest single landholding, with Federal Labor and a farmers body warning it risks future foreign investment.
Treasurer Scott Morrison halted the sale of S Kidman and Co properties — including two in the NT — which cover about 1 per cent of Australia’s land mass, to a consortium of Chinese and Australian companies on Friday. Labor has slammed the handling of the decision, calling it highly ir- regular and saying it creates uncertainty and confusion among foreign investors.
Senior Labor figures were critical of the timing of the decision, which was made nine days into the 90-day period allocated, and in the lead up to the federal election.