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Australian federal regulator to have oversight of state asset sales: Treasurer

Published 18/03/2016, 10:50 am
Australian federal regulator to have oversight of state asset sales: Treasurer

By Matt Siegel

SYDNEY, March 18 (Reuters) - Australia's federal Foreign Investment Review Board will be given oversight of the proposed sale by state governments of critical infrastructure assets to foreign firms, Treasurer Scott Morrison said on Friday.

The move comes after a public outcry over the leasing last year of the strategic commercial and military Port of Darwin by the Northern Territory government to a Chinese firm said to have close ties to the Chinese military.

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