He describes the Chinese bid as being contrary to Australia’s national interest, because:
The decision was rationalised not on any of the pre-existing national interest test provisions, but rather the fact that Australian companies had struggled to make a competitive bid.
By doing this, the Treasurer has articulated a new policy objective, not previously part of the national interest test: that an Australian firm should have a substantial stake in the bidding process.
How is national interest defined?
The consortium bid for Kidman, the largest...