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Half Yearly Report

Document date:  Mon 01 May 2000
Published:  Mon 01 May 2000 11:08:01
Document No:  161583
Document part:  C
Market Flag:  Y
Classification:  Half Yearly Report , Dividend Record Date , Dividend Pay Date , Dividend Rate

AUSTRALIA & NEW ZEALAND BANKING GROUP LI      2000-05-01  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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DETAILS OF SPECIFIC RECEIPTS/OUTLAYS, REVENUES/EXPENSES
(Equity Accounted)

                                               Current      Previous
                                                period   corresponding
                                                             period
                                               AUDM      AUDM

12.1 Interest revenue included
     in determining item 1.4                     4,776        4,386
                                               
12.2 Interest revenue included
     in item 12.1 but not yet
     received (if material)                      1,305        1,050
                                               
12.3 Interest expense included
     in item 1.4 (include all
     forms of interest, lease
     finance charges, etc.)                      2,901        2,572
                                               
12.4 Interest costs excluded from
     item 12.3 and capitalised in 
     asset values (if material)                      -            -
                                               
12.5 Outlays (except those arising
     from the acquisition of an
     existing business) capitalised 
     in intangibles (if material)                    -            -
                                               
12.6 Depreciation and amortisation (excluding
     amortisation of intangibles)                   88           92


CONTROL GAINED OVER ENTITIES HAVING MATERIAL EFFECT
(See note 8)

13.1 Name of entity (or group of entities)    N/A
    
13.2 Consolidated operating profit (loss) 
     and extraordinary items after tax of 
     the entity (or group of entities) since 
     the date in the current period on which
     control was acquired                                  $      -
                                       
13.3 Date from which such profit has
     been calculated                                     -

13.4 Operating profit (loss) and extraordinary
     items after tax of the entity (or group of 
     entities) for the whole of the previous
     corresponding period                                  $      -

    
LOSS OF CONTROL OF ENTITIES HAVING MATERIAL EFFECT
(See note 8)

14.1 Name of entity (or group of entities)    N/A
   
                                        
14.2 Consolidated operating profit (loss) 
     and extraordinary items after tax of 
     the entity (or group of entities) for
     the current period to the date of loss 
     of control                                            $      -

14.3 Date to which the profit (loss) in
     item 14.2 has been calculated                       -   
   
14.4 Consolidated operating profit (loss) 
     and extraordinary items after tax of 
     the entity (or group of entities) while 
     controlled during the whole of the 
     previous corresponding period                         $      -
   
14.5 Contribution to consolidated    
     operating profit (loss) and 
     extraordinary items from sale of
     interest leading to loss of control                   $      -


REPORTS FOR INDUSTRY AND GEOGRAPHICAL SEGMENTS
Information on the industry and geographical segments of the entity
must be reported for the current period in accordance with AASB 1005:
Financial Reporting by Segments. Because of the different structures
employed by entities, a pro forma is not provided. Segment information
should be completed separately and attached to this statement. 
However, the following is the presentation adopted in the Appendices 
to AASB 1005 and indicates which amounts should agree with items
included elsewhere in this statement.

 -

SEGMENTS

Operating Revenue
Sales to customers outside the economic entity
Inter-segment sales
Unallocated revenue

Total revenue (consolidated total equal to item 1.3)

Segment result (including abnormal items where relevant)
Unallocated expenses

Consolidated operating profit after tax (before
equity accounting) (equal to item 1.8)

Segment assets                    )Comparative data for segment
Unallocated assets                )assets should be as at the end of
Total assets (equal to item 4.16) )the previous corresponding period.


DIVIDENDS (in the case of a trust, distributions)

15.1  Date the dividend (distribution) is payable        03/07/2000
                                        
15.2  Record date to determine entitlements to 
      the dividend (distribution) (ie, on the basis 
      of registrable transfers received up to 5.00pm
      if paper based, or by "End of Day" if a proper
      SCH transfer)                                      26/05/2000
                                        
15.3  If it is a final dividend, has it been declared
      (Preliminary final statement only)                 N/A


AMOUNT PER SECURITY
                               Amount Per Security  Franked Amount Per
                                                   security at 36% tax
(Preliminary final report only)                      (1999:36%)       
15.4 Final dividend:   Current year      N/Ac                  -c
                                                           
15.5                   Previous year     N/Ac                  -c

(Half yearly and preliminary final 
 statements)
15.6 Interim dividend: Current year       29c                 29c

15.7                   Previous year      26c               19.5c


TOTAL ANNUAL DIVIDEND (DISTRIBUTION) PER SECURITY
(Preliminary final statement only)
                                               Current       Previous
                                                  year         year

15.8 Ordinary securities                           N/A c          - c

15.9 Preference securities                         N/A c          - c


TOTAL DIVIDEND (DISTRIBUTION)
                                               Current      Previous
                                                period   corresponding
                                               AUDM       period
                                                            AUDM
                                              
15.10 Ordinary securities                          427          377

15.11 Preference securities                         49           24

15.12 Total                                        476          401


The dividend or distribution plans shown below are in operation.

 Dividend reinvestment plan, Bonus option plan

The last date(s) for receipt of election notices
for the dividend or distribution plans                   26/05/2000
                          
Any other disclosures in relation to dividends (distributions)

 None


DETAILS OF AGGREGATE SHARE OF PROFITS OF ASSOCIATES

                                               Current      Previous
Entity's share of associate's                   period   corresponding
                                               AUDM       period
                                                            AUDM
                                              
16.1 Operating profit(loss) before
     income tax                                      4          (2)
    
16.2 Income tax expense                            (1)            -
    
16.3 Operating profit(loss) after
     income tax                                      3          (2)

16.4 Extraordinary items net of tax                  -            -
                                              
16.5 Net profit(loss)                                3          (2)

16.6 Outside equity interests                        -            -

16.7 Net profit(loss) attributable
     to members                                      3          (2)


MATERIAL INTERESTS IN ENTITIES WHICH ARE NOT CONTROLLED ENTITIES
The economic entity has an interest (that is material to it) in the 
following entities.

Name of entity       Percentage of ownership Contribution to operating
                         interest held at end      profit (loss) and 
                         of period or date of     extraordinary items
                               disposal                after tax

17.1 Equity accounted      Current    Previous   Current    Previous
     associated             period corresponding  period corresponding
     entities                  %       period    AUDM     period
                                         %                  AUDM

                                               
 Nepal Grindlays Bank Ltd       50         50      2,726          -
 Pacific Commerce Pty Ltd       32          0      (138)          -
 Account Holdings Pty Ltd       45          0      (262)          -
 Grindlays Bahrain Bank BSC     40         40      1,053        530
 ANZ MeesPierson Clearing Services P/L   
                                 0         50          -      (318)
 Sime Merchant Bankers Berhad   
                                 0       26.5          -    (2,511)

                                                                   

                                                                   

 

17.2 Total                                         3,379    (2,299) 

17.3 Other material 
     interests     
 
 -                               -          -          -          -

                                                                   

                                                                   


17.4 Total                       -          -          0          0 



ISSUED AND QUOTED SECURITIES AT END OF CURRENT PERIOD 

Description includes rate of interest and any redemption or
conversion rights together with prices and dates.

 Category of                  Number       Number Par value  Paid-up
 securities                   issued       quoted  (cents)    value
                                                     US      (cents)
 18.1 Preference                                               US
      securities
      (description)      124,032,000            -      625      625


 18.2 Issued during
     current period                -            -        -        -


 18.3 Ordinary
      securities            
      Fully paid       1,533,448,200 1,533,448,200      100      100
      Partly paid             84,000        84,000      100       10


 18.4 Issued during
      current period      16,019,731   16,019,731      100      100

 18.5 Convertible debt
      securities
      (description and 
      conversion factor)           -            -        -        -


 18.6 Issued during
      current period               -            -        -        -


 18.7 Options (description                         Exercise   Expiry
      and conversion factor)                         price     date
                                                    (cents)

      On Issue               207,413            -     8.76  30/01/2002
                              33,291            -     8.76  13/02/2002
                             100,000            -     8.76  23/03/2002
                             650,000            -     8.76  01/06/2002
                             130,914            -    11.45  22/01/2003
                             500,000            -    12.12  01/10/2002
                             500,000            -    11.40  01/10/2002
                              10,480            -    11.45  17/02/2003
                           1,450,000            -     9.51  23/02/2003
                             175,000            -    10.64  21/06/2003
                              50,000            -    10.76  30/07/2003
                             200,000            -     8.93  01/10/2003
                           1,125,000            -     8.97  27/10/2003
                             755,000            -    10.34  10/12/2003
                              10,000            -    10.41  27/01/2004
                             150,000            -    10.44  23/02/2004
                             175,000            -    11.44  24/03/2004
                           3,177,500            -    11.20  01/06/2004
                               7,500            -    11.26  06/06/2004
                              25,000            -    11.29  04/07/2004
                             150,000            -    11.30  11/07/2004
                           1,000,000            -     9.94  26/10/2004
                             750,000            -    11.49  30/12/2004
                             140,000            -    10.63  30/01/2005
                           1,386,000            -    10.11  22/02/2007
                             350,000            -    10.20  07/03/2007
                                                             

 18.8 Issued during
      current period       1,000,000            -     9.94  26/10/2004
                             750,000            -    11.49  30/12/2004
                             140,000            -    10.63  30/01/2005
                           1,386,000            -    10.11  22/02/2007
                             350,000            -    10.20  07/03/2007


 18.9 Exercised during
      current period          41,189            -     8.76  30/01/2002
                               1,913            -     8.76  13/02/2002
                             150,000            -     8.76  01/06/2002
                             100,000            -    10.65  21/01/2003
                             100,000            -    11.40  21/01/2003


 18.10 Expired during
       current period            755            -     8.76  30/01/2002
                              42,678            -    11.45  22/01/2003


 18.11 Debentures  
       (totals only)               -            -

 18.12 Unsecured notes
       (totals only)               -            -


COMMENTS BY DIRECTORS

Comments on the following matters are required by ASX or, in relation
to the half yearly statement, by AASB 1029: Half-Year Accounts and
Consolidated Accounts. The comments do not take the place of the
directors' report and statement (as required by the Corporations Law)
and may be incorporated into the directors' report and statement. For
both half yearly and preliminary final reports, if there are no
comments in a section, state NIL. If there is insufficient space to
comment, attach notes to this report.

BASIS OF ACCOUNTS PREPARATION

If this report is a half yearly report, it is a general purpose
financial report prepared in accordance with the listing rules and
AASB 1029: Half-Year Accounts and Consolidated Accounts. It should be
read in conjunction with the last annual report and any announcements
to the market made by the entity during the period. [Delete if
inapplicable.]

Material factors affecting the revenues and expenses of the economic 
entity for the current period

 Refer accompanying announcement.

A description of each event since the end of the current period which 
has had a material effect and is not related to matters already 
reported, with financial effect quantified (if possible)

 Refer accompanying announcement.

Franking credits available (amount):                       $      -

Prospects for paying fully or partly franked dividends for at least
the next year

 ANZ expects to pay fully franked dividends for the year as a whole.

Changes in accounting policies since the last annual report are 
disclosed as follows.

 Change in accounting policies - refer page 28 to the accompanying 
 announcement.


ADDITIONAL DISCLOSURE FOR TRUSTS

19.1 Number of units held by the management 
     company or a related party of it                           N/A
                               
19.2 A statement of the fees and commissions 
     payable to the management company.                           -
    
     Identify:
         initial service charges                                  -
         management fees                                          -
         other fees                                               -


ANNUAL MEETING  
(Preliminary final statement only)

The annual meeting will be held as follows:

Place                         -

Date                          -                       

Time                          -

Approximate date the  annual
report will be available      -


COMPLIANCE STATEMENT

1  This statement has been prepared under accounting policies which
   comply with accounting standards as defined in the Corporations Law
   or other standards acceptable to ASX (see note 13).

   Identify other standards used
                                                                   
                       -
2  This statement, and the financial statements under the Corporations
   Law (if separate), use the same accounting policies.

3  This statement does give a true and fair view of the 
   matters disclosed (see note 2).

4  This statement is based on financial statements to which one of the
   following applies. (Tick one)

             The financial        x    The financial
             statements have           statements have
             been audited.             been subject to
                                       review.
                                       
             The financial             The financial
             statements are in         statements have not
             the process of            yet been audited or
             being audited or          reviewed.
             subject to review.

5 If the audit report or review by the auditor is not attached, detail
  of any qualifications 
 are attached/will follow immediately they are available. 
 (Half yearly report only - the audit report or review by the auditor 
  must be attached to this report if the report is to satisfy the 
  requirements of the Corporations Law.)

6  The entity has a formally constituted audit 
   committee.


J McFarlane 
CHIEF EXECUTIVE OFFICER
01/05/2000


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