The superannuation 'blind spot' funding Australian gambling companies
SBS Australia
Australian superannuation funds are investing billions in gambling companies, a blind spot that experts say needs stricter screening.Summary
Australia’s largest superannuation funds hold almost $15 billion in gambling‑related stocks, with Australian Super alone at $4.9 billion. Despite responsible‑investment policies, many funds screen gambling companies inconsistently, prompting the Alliance for Gambling Reform to label the sector a “blind spot.” Experts argue that gambling harms are not treated with the same rigor as tobacco or alcohol, and that superannuation investors should be more transparent and consider divesting. The government has announced reforms, including limits on gambling advertising and funding for counselling and awareness campaigns.
(Source：SBS Australia)