Kid­man de­ci­sion’s an­gry re­sponse

Sunday Territorian - - NEWS -

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.

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