Indeed. And the port facilities were just the tip of the iceberg...
https://www.news.com.au/finance/economy/australian-economy/how-much-of-australia-does-china-own/news-story/a0a710be9cbd78923c7500c147f4e764
Dairy companies, farmland, educational facilities, real estate in center of the large cities, energy companies, it companies etc.
"A number of Australian energy companies, for example, are owned by Chinese firms. EnergyAustralia, despite its name, is a wholly owned subsidiary of Hong Kong-based China Light and Power Co Ltd, while Alinta Energy is owned Chow Tai Fook Enterprises. Earlier this year, leaked documents obtained by the ABC and Nine Newspapers revealed that Alinta was potentially putting the personal data of its 1.1 million gas and electricity customers at risk with what an insider described as a “reckless approach to privacy and data”.
The sale of $4 billion sale of Alinta to the Chinese energy giant was signed off by then-Treasurer Scott Morrison in 2017 under a series of 10 secret FIRB conditions, largely related to data security."
I.e. selling out of Australia AND Australians including all their personal info to the Chinese government. At least Facebook tries to be a bit less obvious about it and hide it (when they sell your details). Makes it easier to keep an eye on expats and dissidents in exile I presume. It's only very recently that the Scott Morrison government decided that maybe China actually owning so much of Australia wasn't such a hot idea. I doubt he thought it up himself, as he does have a few "hawks" in his government who seems to have raised the red flags (pun unintended) at his current and previous actions. Slamming the door shut on Huawei telling them they weren't going to build and manage Australia's 5g infrastructure after all was probably the first sensible thing he (unwillingly) did.
Edit: The biggest problem with getting rid of Morrison is, he has perfected the art of lying. Might have something to do with his background, being from the world of marketing. He can bull**** people like no other. His lies have sometimes been so outrageous, he makes Trump look like a sane and honest person. Unfortunately, Australia also has a large population in more rural areas who are less educated. Not stupid, just less educated and less savvy in the world of politics and believes what they hear. It really is in many ways a third world country ruled by conservative and religious forces. The church is incredibly powerful down here here, as we saw when they managed to avoid being held accountable for the thousands of cases of child rape that got revealed by a Royal Commission and even managed to get Cardinal Pell out of jail and on a plane to the Vatican in the middle of a complete lockdown, as long as the price was right ($2m dollars paid by the Vatican to get him out of jail and away from the press), but that's sort of irrelevant to the China situation, just one of the reasons a conservative government can be hard to get rid of, no matter how incompetent they are.