Royal Commission, page-4

The big 4 Banks are over 50% foreign owned so it is misleading for Anna Bligh to say that their dividends mostly go to Mum & Dad investors. Just have a Captain Cook at the 4 big US owners; no wonder that we have had crook governance because these
US banking entities featured prominently in the US centered GFC.

https://www.creditcardcompare.com.au/blog/big-four-ownership/

In the Big 4 remaining top 20 shareholders, there is a raft of foreign shareholders covered by Nominee Companies.