Morrison welcomes Kidman sale rethink

Treasurer Scott Morrison has welcomed land owner S. Kidman's rethink of a land sale to Australian investors.

The nation's largest private landowner S. Kidman & Co has reopened the company's sale process to Australian parties after Treasurer Scott Morrison blocked the sale to international investors last November.

At the time Mr Morrison deemed the sale as being "contrary to the national interest", but urged the company to reconsider the structure of the sale of a land mass equating to 1.3 per cent of Australia.

"I am encouraged that my decision has led to today's development," Mr Morrison said in a statement on Wednesday.


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Source: AAP


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