\u201cI\u2019m happy to have this debate,\u201d Mr Heffernan told Leon Byner on FIVEAA. \u201cIt is not about xenophobia, this is about the redefinition of sovereignty.\u201d<\/p>\n
\u201cWhat\u2019s happened in recent years is the phenomena of sovereign or part-sovereign ownership has come along and the law hasn\u2019t dealt with that,\u201d he said.<\/p>\n
\u201cThe law needs to catch up to technology. We need to be on a level playing field so that foreign investment is playing with the same rules that Australians play with.<\/p>\n
\u201cAustralian super funds can\u2019t play in the same game because they don\u2019t have the tax advantage of foreign investors,\u201d he said.<\/p>\n