Transactions involving critical power, water and port infrastructure will now undergo an extra layer of scrutiny following the creation of a new body to assess sales of important assets for any national security risks which the transaction in question might raise.

Following last year’s veto of the sale of NSW-based power company Ausgrid to Chinese interests on the grounds of national security, the government has announced that a new Critical Infrastructure Centre would be established within the Attorney General’s department. Set to become a focal point of the country’s strategy for…