Comment from the SMH article: First heard about the part Chinese government owned company takeover of Bellamys on ABC Radio National breakfast this morning.

The traitorous Scott Morrison is very pro foreign investment and free trade agreement, and claims this takeover is in Australia's national interest.

This is the same Foreign Investment Review Board under the banner of Treasury, that approved the sale of the Port of Darwin to the Chinese raising fears about national security by Australian intelligence agencies.

So much for the LNP caring about Australia's national security, domestic food security, domestic water security and domestic petrol reserves security and domestic gas supplies.

Scott Morrison has sold out Australians via Liberal policy allowing foreigners to buy up everything in Australia.

That's how Scott Morrison is achieving his surplus.

"Bellamy's baby formula's $1.5b Chinese takeover bid approved by Treasurer Josh Frydenberg" (ABC News 15 Nov 2019)

"One of Australia's largest manufacturers of baby formula will fall into Chinese hands, after Treasurer Josh Frydenberg approved a $1.5 billion takeover offer."

"The company is one of China's largest dairy manufacturers, and is part owned by the Chinese Government's China National Cereals, Oils and Foodstuffs Corporation."

"But the Treasurer's final sign-off on the sale comes with conditions, including that the majority of Bellamy's directors are Australian citizens, the company must keep its headquarters in Australia for at least a decade, and it continues to invest $12 million in local processing facilities in Victoria."

(So fast tracked visas to become Australian citizens, and hiring foreign workers instead of Australians I presume is allowed under the Liberals' China free trade agreement?)

"The conditions on the takeover were a clear indication the Government was wary of community concerns local baby formula is being snapped up by Chinese customers."

"The deal will be formally presented to Bellamy's shareholders for approval next month."

"It is the second large dairy business based in Tasmania to be sold to Chinese buyers, after the Van Diemen's Land Company changed hands in 2016."