Tony Abbott (Warringah, Liberal Party, Prime Minister) Share this | Hansard source

I do thank the member for Kennedy for his question and I appreciate his concerns, concerns which are quite general in this House, to ensure that the foreign investment Australia gets is the right foreign investment that supports our national interest, not the wrong foreign investment that does not. This government, this parliament, this nation has long supported foreign investment. Foreign investment has been a very important part of building the strong economy that we enjoy in this country.

Our agricultural industry, our mining industry, our manufacturing industry would not be what it is but for foreign investment. So we do very much support foreign investment, but it does have to be the right foreign investment, foreign investment that clearly is in our national interest, not the wrong foreign investment. We have a strong and a good process to determine which is which. We have the Foreign Investment Review Board, which makes recommendations, and we have the Treasurer, who makes decisions on this matter. I am confident that this process is being amply pursued in the case in question and I am confident that it will give our country the best possible result.

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