Your Super Could Be Funding Australia's Gambling Industry
Australia's largest super funds have invested nearly $15 billion in gambling firms, raising ethical concerns.Summary
Australians lose around $32 billion a year to gambling, the highest per‑capita losses globally. A report by the Alliance for Gambling Reform found that the nation’s 20 largest superannuation funds collectively hold about $14.8 billion in gambling‑related companies, with AustralianSuper leading at roughly $4.9 billion, more than double the next biggest fund. These investments include major listed firms such as Aristocrat Leisure.
The Alliance labels gambling a “blind spot” in responsible investment policies, urging fund members to ask where their retirement savings are invested. While some funds engage with companies to promote responsible gambling, critics argue this does not offset the ethical concerns. The federal government has introduced gambling‑reform measures, including advertising restrictions and funding for counselling and support services.
(Source：Richmond, Nsw)