Josh Frydenberg said the Foreign Investment Review Board was looking more closely at what constituted critical infrastructure and broadened the category to include data.
Extreme caution would be applied to foreign takeover bids involving sensitive data but deals like last week's Bellamy's acquisition were good for jobs and growth, Treasurer Josh Frydenberg said.
“If we do our job right, by making decisions based on [strict] criteria for foreign investment, the Australian people will come with us," he said.
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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
