A big chunk of Australia has been sold:
Treasurer Scott Morrison has approved the sale of the Kidman cattle empire to mining magnate Gina Rinehart and a Chinese consortium.
In a statement, Mr Morrison said a local farming family would acquire the largest station in the Kidman group, Anna Creek, and its outstation The Peake.
It didn’t happen overnight:
Today’s announcement ends an often fraught, 20-month sale process which attracted interest from 600 parties and included an attempt to crowd-fund an Australian bid.
Mr Morrison blocked an initial all-Chinese offer by Shanghai Pengxin in November 2015 on the grounds that foreign ownership was not in the national interest given the size and defence sensitivity of the Kidman landholding.
Yet the ABC tries to convince readers the government didn’t give the sale due consideration:
Subtle but biased nonetheless.