Liberal frontbencher Angus Taylor hit back at critics of foreign investment, claiming it is extremely important in Australia. "If foreign investment stopped tomorrow your mortgage rates would go through the roof immediately,'' he told Sky News. Mr Morrison insists national security will be the top priority in the decision, which he says is not too far away. But the national interest test would include national security considerations, he said. The potential leasing of the country's biggest electricity distribution grid by a Chinese consortium shows the need for foreign investment reforms, independent senator Nick Xenophon says.

Source: Otago Daily Times August 08, 2016 01:18 UTC