Who Owns Corporate Australia?

Without fanfare, there has been a major shift in Australian corporate ownership over the past decade, and a silent one at that, that puts a big share of Australia’s business world in the hands of multinationals. In fact the ownership-scape of Australian banks is very different from the traditional past in which Australian banks were owned by the "average Australian" through superannuation and investment funds. The annual reports of most of the large Australian public companies are dominated by names like HSBC, JP Morgan, Citibank, and BNP in the top 20 shareholders lists.

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