Ann: Balama Q1 2019 Preliminary Update, page-110

I don't call the guy a fibber but I can't see Super Funds having an ethics crisis if there is easy money to be made lending stocks for short selling. A quick Google investigation revealed this lending attitude by major Australian Super Fund managers ........

"Executives from AustralianSuper, UniSuper, Cbus, REST Industry Super and Sunsuper defended securities lending on Wednesday arguing borrowed stock can be recalled ahead of any shareholder votes, meaning the practice doesn't hinder their ability to exert influence and improve corporate governance. They argued the fees earned from securities lending help plump up member returns and improve the efficiency of the broader market.

AustralianSuper head of investment operations Peter Curtis said lending securities helps maximise the retirement savings of members in the $92 billion fund."