Not just with SCG. Who really owns Australia....it's the same...

Not just with SCG. Who really owns Australia....

it's the same with CBA or VCX, just for interest -

TheNewDaily -
https://thenewdaily.com.au/finance/finance-news/2017/11/13/big-bank-ad-campaign/

What is ‘HSBC Custody Nominees (Australia) Limited’?

It is what is called a “custodian bank”. A custodian bank’s job is to hold the financial assets of “institutional investors” such as superannuation funds, insurance companies and fund managers.

That means that stonking $36 billion is not in fact owned by HSBC at all, but simply held on behalf of a large number of different institutional investors of which we know nothing at all.

In HSBC’s case the vast majority (18 of that 21.75 per cent) of its custodial assets are held on behalf of overseas institutional investors.

So straight off, we know at least 18 per cent of CBA is foreign-owned, and does not go to “everyday Australians”.

The next four biggest CBA “shareholders” are also custodian banks – JP Morgan, Citi, NAB, and BNP Paribas – which collectively serve as custodian for most of Australia’s major super funds.

Together, these four custodian banks hold around 25 per cent of CBA’s shares.

Only around half of the $3 trillion assets held by custodian banks, however, belong to super funds (excluding self-managed super funds, which overwhelmingly belong to wealthy rather than “everyday” Australians).

So from that, we can deduce that around 12.5 per cent of the CBA is owned by members of superannuation funds.

and with VCX it's the same: