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Morrison not budging on TAS dairy investment

BIDING TIME: Treasurer Scott Morrison.
BIDING TIME: Treasurer Scott Morrison. MICK Tsikasaap

TREASURER Scott Morrison is unlikely to intervene in an assessment of a planned Chinese investment in one of Australia's biggest dairy companies.

Crossbench senators Andrew Wilkie, Nick Xenophon, Jacqui Lambie and John Madigan renewed their appeals on Wednesday for Mr Morrison to intervene in the Van Diemen's Land Co sale.

The 20,000ha Tasmanian dairy is in the sights of Chinese firm Moon Lake Investments and the sale is being investigated by the Foreign Investment Review Board.

Supporting their call for Mr Morrison's intervention, the crossbenchers point to the rejection of a local bid for the company in favour of the Chinese offer.

Mr Morrison's spokesman said he would not comment on the issue, but the Treasurer told the House last year that the review process needed to be applied properly.

Once the FIRB had assessed it, Mr Morrison said at the time, he would make a decision.

Topics:  china dairy scott morrison tasmania


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