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Foreign investment rules under review

Malcolm Turnbull says it makes sense for sale or lease of assets by states or territories to foreign investors to face a review process.

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Source: AAP


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Prime Minister Malcolm Turnbull says foreign investment rules are under review but that's not because of regret over the lease of Darwin's port to a Chinese company.

Under existing procedures, sale or lease of assets to foreign investors by states or territories were exempt from consideration by the Foreign Investment Review Board.

"The reason we are reviewing the rules is not because we regret the decision made. Clearly, it makes sense for all foreign acquisitions of the relevant size to be subject to the same process," he told reporters in Darwin.


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