Report on the implications of common ownership and capital concentration in Australia

March 2022

© Commonwealth of Australia 2022
ISBN: 978-1-76092-366-2

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Foreword

Members

  Committee Secretariat

Terms of Reference

Abbreviations

List of Recommendations

1. Introduction

  Definitions and theory
  Rising interest in common ownership: Why now?
  Current research into common ownership and its impact
  Forming effective response
  Context and scope of the committee’s interest

2. Common ownership and capital concentration in Australia

  Growing funds management sector
  Understanding the level of common ownership

3. Transmission mechanisms of common ownership

  Voting
  Voice
  Management incentives
  Critique of the proposed mechanisms of influence

4. The regulatory framework

  The regulatory perspective
  Australian Competition and Consumer Commission
  Australian Prudential Regulation Authority
  Australian Securities and Investments Commission

5. Conclusion

  Institutional investors: the benefits
  Institutional investors: understanding and managing the risks

Australian Labor Party Members Dissenting Report

  Background
  Recommendations

A. Submissions and responses to questions on notice

B. Hearings and witnesses

Committee Secretariat contact:

Committee Secretary
Standing Committee on Economics
PO Box 6021
Parliament House
Canberra ACT 2600

Phone: (02) 6277 4587
economics.reps@aph.gov.au