Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

The approach that my investment adviser takes is that, where managed funds have a material interest in a tobacco company, she does not invest our funds in them. However, because tobacco companies are part of the index of many stock exchanges—including Japan and, of course, the London and New York stock exchanges—any fund that has an investment in the index will inevitably have an investment, generally a small one, in a tobacco company.

A very large number of members opposite have investments in superannuation in Australian super. Australian super has a broad range of foreign shares including tobacco stocks and, I might say, including the holding company of 7-Eleven.

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