Morrison sought foreign investment powers

December 13, 2022 01:50 PM AEDT | By AAPNEWS
Image source: AAPNEWS

Former prime minister Scott Morrison sought to be sworn in as treasurer so he could hold foreign investment powers.

Mr Morrison has been criticised and censured for secretly taking on six portfolios when he was prime minister.

But until now it has been unclear why he took on the treasury portfolio, held by Josh Frydenberg.

Documents released under freedom of information laws show the treasury swearing-in related to the Foreign Investment Review Board (FIRB).

"We are advised the Treasury swearing relates to FIRB," the email dated April 21, 2021, read.

The role of the FIRB is to examine proposed investments in Australia that are subject to the Foreign Acquisitions and Takeovers Act and to make recommendations to the treasurer on the proposals.

The same email, written by senior Department of Prime Minister and Cabinet official John Reid and circulated to senior colleagues, showed Mr Morrison had sought home affairs in relation to "decisions on citizenship loss".

Mr Morrison told parliament on November 30 he had taken on the treasury role "as a dormant redundancy for decisions that were not subject to cabinet oversight, was to be able to take swift action, if necessary, in the national interest in a time when Australia's interests were under constant threat".

"I consider that these decisions, in hindsight, were unnecessary and that insufficient consideration was given to these decisions at the time, including non-disclosure," he told parliament.

A report by former High Court judge Virginia Bell triggered changes to the transparency of ministerial appointments and led to Mr Morrison becoming the first former prime minister to be censured by the parliament.

Mr Morrison has admitted to using his extra powers only once - as resources minister in overturning Asset Energy's PEP11 gas exploration permit off the NSW coast.

The then resources minister Keith Pitt was in favour of the project.


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