News live: Andrew Hastie says US alliance weakened Australia; Sri Lanka hackers steal millions owed to Australia

The Liberal frontbencher Andrew Hastie says doubling down on the US relationship has eroded Australia’s sovereign capability, including its defence industry, as he warns the country must “get serious” about national security to rebalance the alliance.

In a speech to the Robert Menzies Institute in Melbourne last night, the shadow minister for industry and sovereign capability said the reliance on the US meant “strategic trade-offs” that had hastened the deindustrialisation of Australia and “weakened our hard power”.

He said it had cost Australia “sovereign capabilities like a robust defence industry” and “strategic freedom of action” in ways that were now becoming clear amid the Middle East war.

Hastie said under Donald Trump the US “should not be expected to guarantee much except its own strategic interests”, which meant Australia must “get serious about our own national security” by rebuilding its industrial base and a defence force “with teeth”.

double quotation markTo put it bluntly, if Anzus is going to continue for another 75 years, we need to invest in our industrial base and our defence force.

The former soldier has been an outspoken critic of Trump and his war in Iran, striking a different tone to the opposition leader, Angus Taylor.