let the cashflow talk, page-12

i will be blunt. Your super balance owns NOTHING. It is owned on your behalf by a trustee, you're the beneficiary, but your name ain't on any registry

So big insto 1, lends 1 million ASX NCZ for short selling, who gets the premium? The institution, not you. You're the beneficary of dividends and price movements, but not premiums from lending stock because there hasn't been any change in the underlying asset owned (it's a bit like lending your car for the day)

so you show me the incentive - easy money via stock lending premiums, and i'll show you the outcome - chronic undermining of Australian companies via shortselling

The royal commission didn't dig deep enough!