Senate debates

Thursday, 13 May 2021

Questions without Notice

Foreign Investment

3:26 pm

Photo of Simon BirminghamSimon Birmingham (SA, Liberal Party, Minister for Finance) Share this | Hansard source

I thank Senator Hanson for her question. It's a serious question in relation to the protection of critical infrastructure and security assets across Australia, and indeed our government has moved at successive points over the years to make sure that we tighten areas of foreign investment laws—that we ensure, for example, that assets sales by state or territory governments that previously were not captured by foreign investment approval processes are now captured under those processes. Through our security-of-critical-infrastructure reforms we have also put in place new measures and are strengthening those measures even further in relation to how it is that crucial, critical infrastructure assets such as our energy systems and communication systems are appropriately protected from risks in relation to cyberattacks or other types of attacks that could undermine their operations and, through that, the nation's security.

Senator Hanson, you raise questions in relation to an apparent application to the Northern Australia Infrastructure Facility for a particular project. In relation to that particular project I will give you the assurance that our government will make sure that all security implications are considered. The minister has a power of veto over final decisions under the Northern Australia Infrastructure Facility and of course in relation to matters of security concerns would, if appropriate, use that power.

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