SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 6-K

 

REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

 

For the Month of November 2006

 

Australia and New Zealand Banking Group Limited

ACN 005 357 522

(Translation of registrant’s name into English)

 

Level 6, 100 Queen Street Melbourne Victoria 3000 Australia

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x

x

Form 40-F

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes o

No x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

 

This Form 6-K may contain certain forward-looking statements, including statements regarding (i) economic and financial forecasts, (ii) anticipated implementation of certain control systems and programs, (iii) the expected outcomes of legal proceedings and (iv) strategic priorities.  Such forward- looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control and which may cause actual results to differ materially from those expressed in the forward-looking statement contained in these forward- looking statements.  For example, these forward-looking statements may be affected by movements in exchange rates and interest rates, general economic conditions, our ability to acquire or develop necessary technology, our ability to attract and retain qualified personnel, government regulation, the competitive environment and political and regulatory policies.  There can be no assurance that actual outcomes will not differ materially from the forward-looking statements contained in the Form 6-K.

 

 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Australia and New Zealand Banking Group Limited
				(Registrant)
		By:	/s/ John Priestley
			Company Secretary
					(Signature)*

 

 

Date 04 December 2006

 

* Print the name and title of the signing officer under his signature.

 

2

 

 

Company Secretary’s Office

Australia and New Zealand Banking Group Limited

Level 6, 100 Queen Street

Melbourne VIC 3000

Phone 61 3 9273 6141

Fax 61 3 9273 6142

www.anz.com

 

23 November 2006

 

The Manager

Company Announcements

Australian Stock Exchange

Level 10, 20 Bond Street

Sydney NSW 2000

 

 

Australia and New Zealand Banking Group Limited Final Dividend 2006 – Dividend Reinvestment Plan and Bonus Option Plan

 

ANZ’s fully franked 2006 Final Dividend of 69 cents is payable on 15 December 2006 to holders of fully paid ordinary shares registered in the books of the Company at the close of business on 15 November 2006 (the ‘Record Date’).

 

The price set in order to calculate the number of shares to be allotted under the ANZ Dividend Reinvestment Plan and Bonus Option Plan is A$28.25 being the volume weighted average sale price of ANZ shares during the five trading days following the Record Date.

 

Yours faithfully

 

 

John Priestley

Company Secretary

 

15/04/03

Australia and New Zealand Banking Group Limited ABN 11 005 357 522

 

 

 

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[GRAPHIC]

 

Morgan Stanley
Investor Conference

 

Brian Hartzer
Group Managing Director, Personal

 

www.anz.com

[LOGO]

 

A good year – met our targets again

 

Headline profit	ñ	16.2	%
Cash* profit	ñ	13.8	%
Revenue Growth	ñ	8.4	%#
Profit Before Provisions	ñ	10.4	%
Cash* EPS	ñ	13.2	%
Dividend	ñ	13.6	%

 

Return on equity back above 20%

Cost-Income ratio improved by 1.0%

 

* adjusts headline numbers for AIFRS 2005 adjustments, significant items & inc integration costs & fair value hedge gains/losses

^# 9.1% FX adjusted

 

2

Different strategy delivering results

 

[GRAPHIC]

 

But some areas where we need to do more

 

•                  Speed up Asian expansion

•                  Advance wealth and private banking

 

Australia

•                  Personal outstanding, engine of Group revenue, high customer satisfaction

•                  Institutional regained #1 position

 

New Zealand

•                  Good operational momentum

•                  Financial results earlier than expected

 

Asia/Pacific

•                  Asia – 26% revenue growth

•                  Pacific – 15% revenue growth

•                  Partnerships creating value

•                  Sacombank & Panin valued well above book

•                  1m credit cards now on issue in Asia

 

Invested against the trend

•                  Now seeing the payback

•                  Accelerated investment spend in 2nd half

•                  Considerable investment in de-risking contributing to lower provisions

 

3

Good performance from Divisions, particularly Personal

 

Division

 

[CHART]

 

Geography

 

[CHART]

 

* New Zealand Banking, which includes NZ Institutional

 

4

Overview of Personal Division

 

Good growth across each of our businesses

 

Business		NPAT Growth
Pacific		67	%
Investments & Insurance		48	%
Consumer Finance		25	%
Mortgages		21	%
Banking Products		17	%
Regional, Rural & Small Bus.		18	%
Esanda		11	%

 

Diverse sources of earnings

 

[CHART]

 

5

Success in Personal due to an effective business system

 

 

6

Strategy starts with clear segmentation

 

Price Driven	Service Driven	Premium
[LOGO]				•     ANZ brand for non price-driven segments
[LOGO]	[LOGO]	Prime	à	•     Other brands for other segments
[LOGO]				•     Defend share via price where necessary
20% - 30%	70% - 80%
[LOGO]		Emerging Prime
		Sub Prime
		Un-banked

 

7

Customer insights led to “More Convenient Banking”

 

Key Decision Factors for Customers
(importance out of 10)

 

				Important, but not dominant
Why should customers bank with ANZ (and not somebody else)??	à	[CHART]	People increasingly “time poor” – seeking convenient, simple solutions

 

8

Success in Personal due to an effective business system

 

 

9

We have invested in our employees and our culture…

 

Significant investment in employees, largely frontline

 

[CHART]

 

Delivering on our commitment to cultural change

(% Personal* employees completed “Breakout” program)

 

[CHART]

 

*excludes Pacific, Esanda and Small Business

 

10

…resulting in a highly engaged workforce

 

Dramatic shift in staff satisfaction (“am I satisfied working at the ANZ?”)				High levels of engagement across Personal
				[CHART]
[CHART]		Shift to “engagement”
				Branch Manager engagement
				[CHART]

 

11

Success in Personal due to an effective business system

 

 

12

Specialisation has delivered product and service excellence

 

ANZ. Best Call Centre in Australia, 3 years in a row.

 

And we’re here to stay.

 

Thanks to all the dedicated staff at our local call centres, ANZ has once again been awarded the best call centre in Australia. And Australia is where we plan to stay. ANZ call centres are conveniently open 24 hours a day, seven days a week. To switch call 13 13 14 anytime. That’s ANZ now.

 

Money Magazine Awards 2006

•                  Home Loan Lender of the Year

•                  Readers’ Choice Award for Service Excellence

 

Australian Service Excellence Awards 2006

•                  Winner of the Large Business category - Best Call Centre in Australia

 

[GRAPHIC]

 

Now with extended hours in major shopping centres.

 

13

Expanding distribution to improve convenience

 

New Branches and ATMs

 

[CHART]

 

[GRAPHIC]

 

14

Branch investment largely in ‘growth corridors’

 

Location of new branches aligned to growth corridors

 

[GRAPHIC]

 

Economics of new branches

 

•  Avg fit-out per Branch		~$900K
•  Avg Running Costs		~$60K pa
•  Avg breakeven period		~18 mths

 

Some branches in growth corridors breaking even within 12 months

 

Branch Location Category

 

 

Target;

~ one branch per week in FY 07

 

15

Success in Personal due to an effective business system

 

 

16

“Proof points” starting to differentiate ANZ brand…

 

More ATM locations in key areas		Investment in the franchise reflected in improved brand image*
[GRAPHIC]
	à	[CHART]
First major bank to launch Visa Debit card
[GRAPHIC]

 

*Brand Image, Source: ANZ Brand Health Monitor

 

17

…which drives future acquisition and retention

 

Improved “Trial Intention”

(Day to Day Transaction Accounts^*)

 

[CHART]

 

*Source: ANZ Brand Health Monitor, 6 month moving average

 

Lowest propensity to defect^#

(Intend to switch main bank in next 12 months)

 

[CHART]

 

^#  Source: Roy Morgan Research – Main Financial Institution, excluding can’t say.

Australian Pop’n 14+ yrs, 12 monthly moving average

 

18

Success in Personal due to an effective business system

 

 

19

Customer satisfaction at top of major banks…

 

ANZ customer satisfaction^* at top of major peers despite recent softening across the industry

 

[CHART]

 

* Source: Roy Morgan Research – Main Financial Institution,
% Satisfied (Very or Fairly Satisfied), 6 monthly moving average

 

20

…leading to more customers and higher share of wallet

 

Now #2 in customer numbers

(# traditional banking customers to Aug-06^*)

 

[CHART]

 

Increasing share of wallet

(% increase traditional banking products Sep-04 to Aug-06^*)

 

[CHART]

 

*Source: Roy Morgan Research – Traditional Banking includes customers with accounts, loans or cards.
Australian Pop'n 14+ yrs, 12 monthly moving average

 

21

Success in Personal due to an effective business system

 

 

22

Strategy delivering attractive deposit growth…

 

Non price-led strategy delivering strong growth and margin performance^

 

[CHART]

 

^ 11 Months to August 2006 Source: APRA, ASSIRT, Company Reports & Websites, Cannex, ANZ Internal Analysis,

 

23

…and attractive Mortgages and Credit Card growth

 

ANZ Retail^* channels growing above system

 

[CHART]

 

Mortgage margin stable

 

[CHART]

 

Strong Credit Card FUM growth

 

[CHART]

 

Cards Margins and Loss Rates Stable

(index Jan-05 Income = 100)

 

[CHART]

 

*excludes Origin

 

24

Strong revenue growth driving out-performance

 

 

Revenue growth in part determines level of cost growth*	à	Strong profit momentum (pcp)
[CHART]		[CHART]

 

*pcp growth 1H06 & 2H06 AIFRS, 2H05 AGAAP

 

25

Parts of the formula can be copied, yet success is not guaranteed

 

Not guaranteed,

Needs to be

à

Our challenge: To stay one step ahead of the pack!

requires time,

distinctive and well

execution and

executed to succeed

investment

Strategy

Financial

Culture takes years

Performance

to develop and each

bank is different

Employees

Customers

Consistent

delivery required

on all dimensions

Brand

Products &

Investment

Distribution

Focus on innovation

Significant investment

and 1st to market

required; must be

requires right culture

distinctive & relevant

and investment

 

26

Summary

 

•              No “silver bullet” explains ANZ’s Retail Banking success

 

•              Our business system is delivering strong, sustainable growth

 

•              We will continue to invest in “More Convenient Banking”

 

•              Lots more upside in customer #s, wallet share, and efficiency

 

27

Additional Information

 

28

Early signs of a slight deterioration in credit quality

 

The cycle has turned with higher interest rates & fuel costs impacting some consumers, but 90+ days still at low levels

 

[CHART]

 

Growth has mainly been in the Australian highly secured portfolio (90+ days past due loans Aust.)

 

[CHART]

 

Mortgage concerns have largely been in NSW

(90+ days past due % GLA^* by State)

 

[CHART]

 

*Gross Lending Assets

 

29

Credit card losses result from four key drivers aside from outstandings growth

 

1                          (1) Cut-off scores are set to maximise risk adjusted revenue (RAR)

 

[CHART]

 

		(A)		(B)		(C)		(D) = C-B
		Population		Total Credit		Revenue		Risk Adjusted
		Decile		Provisions Rate		(Interest + Fees)		Revenue
		10	%	5	%	9	%	4	%
		10	%	4	%	7	%	3	%
		10	%	5	%	8	%	3	%
		10	%	6	%	9	%	3	%
		10	%	8	%	11	%	3	%
Cut-off		10	%	11	%	11	%	0	%
		10	%	15	%	12	%	(3	)%
		10	%	45	%	24	%	(21	)%
		—		—		—		—

 

2                 (1)Age of accounts: Credit costs generally peak around 18 to 24 months after an account is opened

 

[CHART]

 

3.              Credit cards 60+days arrears stable at portfolio level

 

[CHART]

 

			Year		Year		Year
			1		2		3+
			100		200		250
			100		100		50
	1%		1		1		0.5
	3%		—		3		3
	2%		—		—		2
			1		4		5.5
			1.0	%	2.0	%	2.2	%*

 

4.              Source and channel:

 

Existing customers have  lower losses than new customers

 

Branch-originated accounts have lower losses than phone and internet-originated accounts

 

Note:  Inherent credit card losses are in turn inflated/deflated by the economic cycle and the effectiveness of collections activity.

 

(1)                                  Illustrative

 

30

ANZ’s losses driven by product mix shift and prior years’ outstandings growth

 

[CHART]

 

Source:  Annual results 2006

 

Loss rates likely to increase as low rate balances ‘season’

(Loss Rates by Vintage by Product Index YR1 = 100)

% Ave. Total O/S Balances

 

[CHART]

 

Source:  Annual results 2006

 

SUMMARY

 

•              Credit card loss growth due to shift to higher-revolving, low rate products and portfolio seasoning

 

•              Credit quality remains sound.  There is no deterioration of loss rates within product segments, year of booking, cut-off score, or channel/source

 

•              To offset the expected impact of a the economic cycle, we are increasing collector numbers and refining collections strategies/tactics

 

31

Australian personal bankruptcy differs from UK

 

Key factors for increasing UK losses:

 

•              aggressive competition

 

•              weakening credit standards

 

•              relaxation of bankruptcy laws in 2004

 

ANZ experienced above system unsecured lending growth & slight increase in bankruptcies:

 

•           growth achieved with minimal change to credit standards

 

•           no changes in Australian bankruptcy laws

 

•           enhanced risk management strategies implemented

 

Slight increase in Australian bankruptcies/debt agreements…*

(Aust. Non Business Bankruptcies and Debt Agreements)

 

[CHART]

 

…rate of growth significantly below UK*

(Personal bankruptcies and debt agreements, quarterly data yoy growth)

 

[CHART]

 

*Source – ITSA, The Insolvency Service (UK Jun-06 quarter data not released)

 

32

The material in this presentation is general background information about the Bank’s activities current at the date of the presentation.  It is information given in summary form and does not purport to be complete.  It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor.  These should be considered, with or without professional advice when deciding if an investment is appropriate.

 

For further information visit

 

www.anz.com

 

or contact

 

Stephen Higgins
Head of Investor Relations

ph: (613) 9273 4185   fax: (613) 9273 4091   e-mail: higgins@anz.com

 

33

 

 

Company Secretary’s Office

Australia and New Zealand Banking Group Limited

Level 6, 100 Queen Street

Melbourne, VIC 3000

Phone 61 3 9273 6141

Fax 61 3 9273 6142

www.anz.com

 

9 November 2006

 

The Manager

Company Announcements

Australian Stock Exchange

Level 10, 20 Bond Street

Sydney  NSW  2000

 

 

Advice of Dividend and AGM Dates for 2006 and 2007

 

As previously announced, the 2006 Final Dividend and 2006 Annual General Meeting dates are as follows:

 

2006 Final Dividend

 

Ex-Date:		9 November 2006
Record Date:		15 November 2006
Payment Date:		15 December 2006

 

2006 Annual General Meeting

 

The 2006 Annual General Meeting of the Company will be held in Sydney on Friday, 15 December 2006.

 

In addition, Australia and New Zealand Banking Group Limited advises the following proposed dates for 2007. These dates may be subject to change. If a decision is made to change any dates, the Australian Stock Exchange will be notified accordingly.

 

2007 Interim Dividend

 

Announcement of interim results:		26 April 2007
Ex-Date:		14 May 2007
Record Date:		18 May 2007
Payment Date:		2 July 2007

 

2007 Final Dividend

 

Announcement of annual results:		25 October 2007
Ex-Date:		8 November 2007
Record Date:		14 November 2007
Payment Date:		18 December 2007

 

15 04/03

Australia and New Zealand Banking Group Limited ABN 11 005 357 522

 

 

2007 Annual General Meeting

 

The 2007 Annual General Meeting of the Company will be held in Perth on Tuesday, 18 December 2007.

 

Yours faithfully

 

 

John Priestley

Company Secretary

 

Appendix 3B

New issue announcement

 

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

 

Appendix 3B

 

New issue announcement,

application for quotation of additional securities

and agreement

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

 

 

Name of entity

Australia and New Zealand Banking Group Limited

 

ABN

11 005 357 522

 

We (the entity) give ASX the following information.

 

 

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

 

1	+Class of +securities issued or to be issued		Up to an unlimited amount of Medium Term Notes and Transferable Certificates of Deposit
2	Number of +securities issued or to be issued (if known) or maximum number which may be issued		A$600,000,000 in aggregate principal amount.
3	Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)		See the Information Memorandum of ANZ dated 23 April 2004 in respect of ANZ’s AUD Domestic Debt Issue Program and the pricing supplement dated 7 November 2006 for the securities.

 

+ See chapter 19 for defined terms.

 

1

 

4	Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: •    the date from which they do   •    the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment   •    the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment		New class of securities
5	Issue price or consideration		Issue price for the securities is 100.021% of the aggregate principal amount of the securities. The securities will pay a Coupon of 6.50% pa payable semi-annually on 8 May and 8 November of each year with the first Coupon payable on 8 May 2007.
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)		General corporate purposes
7	Dates of entering +securities into uncertificated holdings or despatch of certificates		8th November 2006
			Number		+Class
8	Number and +class of all +securities quoted on		1,836,661,822		Ordinary fully paid
	ASX (including the securities in clause 2 if
	applicable)		10,000,000		2003 ANZ Stapled Exchangeable Preferred Securities

 

+ See chapter 19 for defined terms.

 

2

 

		AUD600m Floating Rate TCD due October 2007
		AUD500m 5.80% TCD due October 2007
		AUD1195m 5.00% TCD due May 2008
		AUD600m Floating Rate TCD due May 2008
		AUD400m Floating Rate TCD due March 2009
		AUD1025m 6.00% TCD due March 2009
		AUD650m 6.00% TCD due March 2010
		AUD1050m Floating Rate TCD due March 2010
		AUD450m 6.00% TCD due March 2011
		AUD700m Floating Rate TCD due March 2011
		AUD400m 6.75% Subordinated Notes due March 2012
		AUD100m Floating Rate Subordinated Notes due March 2012
		AUD350m 6.50% Subordinated Notes due May 2014
		AUD380m Floating Rate Subordinated Notes due May 2014
		AUD300m 6.00% Subordinated Notes due August 2015
		AUD400m Floating Rate Subordinated Notes due August 2015
		AUD300m 6.25% Subordinated Notes due May 2016
		AUD300m Floating Rate Subordinated Notes due May 2016

 

+ See chapter 19 for defined terms.

 

3

 

			Number		+Class
8	Number and +class of all +securities not quoted		30,049,539		Options on issue
	on ASX (including the securities in clause 2 if
	applicable)		350,000		2003 Redeemable Preference Shares
			750,000		2003 Redeemable Preference Shares (Series 2)
			500,000		December 2004 Euro Preference Shares
10	Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)		Not Applicable
Part 2 - Bonus issue or pro rata issue
11	Is security holder approval required?
12	Is the issue renounceable or non-renounceable?
13	Ratio in which the +securities will be offered
14	+Class of +securities to which the offer relates
15	+Record date to determine entitlements
16	Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
17	Policy for deciding entitlements in relation to fractions
18	Names of countries in which the entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.

 

+ See chapter 19 for defined terms.

 

4

 

19

Closing date for receipt of acceptances or renunciations

 

+ See chapter 19 for defined terms.

 

5

 

20	Names of any underwriters
21	Amount of any underwriting fee or commission
22	Names of any brokers to the issue
23	Fee or commission payable to the broker to the issue
24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders
25	If the issue is contingent on +security holders’ approval, the date of the meeting
26	Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
27	If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
28	Date rights trading will begin (if applicable)
29	Date rights trading will end (if applicable)
30	How do +security holders sell their entitlements in full through a broker?
31	How do +security holders sell part of their entitlements through a broker and accept for the balance?

 

+ See chapter 19 for defined terms.

 

6

 

32	How do +security holders dispose of their entitlements (except by sale through a broker)?
33	+Despatch date
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
34	Type of securities (tick one)
(a)	x	Securities described in Part 1
(b)	o	All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents
35	o	If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
36	o	If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over
37	x	A copy of any trust deed for the additional +securities See Deed Poll

 

+ See chapter 19 for defined terms.

 

7

 

Entities that have ticked box 34(b)

 

38	Number of securities for which +quotation is sought
39	Class of +securities for which quotation is sought
40	Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state:   •    the date from which they do   •    the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment   •    the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
41	Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security)
			Number		+Class
42	Number and +class of all +securities quoted on
	ASX (including the securities in clause 38)

 

+ See chapter 19 for defined terms.

 

8

 

Quotation agreement

 

1	+Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.
2	We warrant the following to ASX.
	•	The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
	•	There is no reason why those +securities should not be granted +quotation.
	•	An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
		Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
	•	Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
	•	If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
3	We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4	We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here:				Date:		8/11/2006
			Company secretary
Print name:			John Priestley

 

+ See chapter 19 for defined terms.

 

9

PRICING SUPPLEMENT

 

 

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
(Australian Business Number 11 005 357 522)

 

Australian Dollar

Debt Issuance Programme

 

Series No:  40

Tranche No:  1

 

AUD 600,000,000 6.50% Fixed Rate Transferable Certificates of Deposit

Issue Price: 100.021 per cent.

 

Australia and New Zealand Banking Group Limited

(Australian Business Number 11 005 357 522)

acting through ANZ Investment Bank

 

ROYAL BANK OF CANADA

(Australian Business Number 86 076 940 880)

 

THE TORONTO-DOMINION BANK

(Australian Business Number 74 082 818 175)

 

UBS AG, AUSTRALIA BRANCH

(Australian Business Number 47 088 129 613)

 

Dealers

 

The date of this Pricing Supplement is 7 November 2006

 

1

 

This document constitutes the Pricing Supplement relating to the issue of Securities described herein. Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Information Memorandum dated 23 April 2004. This Pricing Supplement must be read in conjunction with the Information Memorandum.

 

1	Issuer:		Australia and New Zealand Banking Group Limited
2	(i)                                    Series Number:		40
	(ii)                                Tranche Number:		1
	(if fungible with an existing Series, details of that Series, the number including the date on which the Securities become fungible)		Not applicable
3	Specified Currency:		Australian Dollars
4	Aggregate Nominal Amount:		A$600,000,000
5	(i)                                    Issue Price:		100.021 per cent of the Aggregate Nominal Amount
	(ii)                                Net proceeds:		A$600,126,000
6	Specified Denomination(s):		A$1,000
7	(i)                                    Issue Date:		8 November 2006
	(ii)                                Interest Commencement Date:		Issue Date
8	Maturity Date:		8 November 2011
9	Interest Basis:		6.50 per cent. per annum Fixed Rate  (Further particulars specified below)
10	Redemption/Payment Basis:		Redemption at Par

 

11	Change of Interest or Redemption/Payment Basis:		Not Applicable
12	Put/Call Options:		Not applicable
13	Status of the Securities:		Transferable Certificates of Deposit
14	Listing:		Australian Stock Exchange
15	Method of distribution:		Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16	Fixed Rate Security Provisions		Applicable
	(i)                                    Rate of Interest:		6.50 per cent per annum payable semi-annually in arrears
	(ii)                                Interest Payment Date(s):		8 May and 8 November in each year from and including 8 May 2007 to and including the Maturity Date.
	(iii)                            Fixed Coupon Amount(s):		A$32.50 per A$1,000 in nominal amount on each Interest Payment Date
	(iv)                               Broken Amount(s):		Not applicable

 

1