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Australia retains the fourth‑greatest pool of financial investment fund property on the earth and in addition the biggest in Asia.
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85 trillion—that’s a lot more than double the size with the country’s financial output. Many Australians straight individual shares in these financial institutions, although most Some others have indirect stakes through their superannuation funds.
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Its status as Australia’s next-greatest bank was cemented by a mega-merger with St George Financial institution all through the worldwide economical disaster in 2008.