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Preliminary Final Report

Document date:  Wed 04 Nov 1998
Published:  Wed 04 Nov 1998 00:00:00
Document No:  142712
Document part:  Y
Market Flag:  Y
Classification: 

HOMEX - Melbourne                                                     

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DETAILS OF SPECIFIC RECEIPTS/OUTLAYS, REVENUES/EXPENSES

                                               Full year   Full year
                                                Sep-98     Sep-97
                                                AUDM       AUDM

12.1 Interest revenue included
     in determining item 1.4                     9,499        9,455
                                               
12.2 Interest revenue included
     in item 12.1 but not yet
     received (if material)                      1,122        1,004
                                               
12.3 Interest expense included         
     in item 1.4                                 5,952        6,018
                                               
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)                  188          197


ITEM 13 - CONTROL GAINED OVER ENTITIES HAVING MATERIAL EFFECT
Item 13 is not applicable to the Australia and New Zealand Banking
Group Limited for the year ended 30 September 1998.    

    
ITEM 14 - LOSS OF CONTROL OF ENTITIES HAVING MATERIAL EFFECT
Item 14 is not applicable to the Australia and New Zealand Banking
Group Limited for the year ended 30 September 1998.


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.

Refer to attached

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 is payable                       21/12/1998
                                        
15.2  Record date to determine entitlements to 
      the dividend                                       20/11/1998
                                        
15.3  The final dividend is declared                     n/a


AMOUNT PER SECURITY
                                     60% franked        Fully franked
                                        @36%              @ 36% tax
(Preliminary final report only)                                  
15.4 Final dividend:   Current year       28c                  -c
                                                           
15.5                   Previous year       -c                 26c

(Half yearly and preliminary final 
 statements)
15.6 Interim dividend: Current year       24c                  -c

15.7                   Previous year       -c                 22c


TOTAL ANNUAL DIVIDEND PER SECURITY
(Preliminary final statement only)
                                               Full year     Full year
                                                Sep-98        Sep-97
15.8 Ordinary securities                          52c           48c

15.9 Preference securities                         - c           - c


FULL DIVIDEND ON ALL SECURITIES                Full year     Full year
                                                Sep-98       Sep-97
                                                AUDM         AUDM
                                              
15.10 Ordinary securities                          747          695

15.11 Preference securities                          -            -

15.12 Total                                        747          695


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 plans:                                 20/11/1998
                          
Any other disclosures in relation to dividends: 

 None


DETAILS OF AGGREGATE SHARE OF PROFITS (LOSSES) OF ASSOCIATES

ENTITY'S SHARE OF ASSOCIATES'
                                                 Full year   Full year
                                                 Sep-98       Sep-97
                                                  AUDM        AUDM
                                              
16.1 Operating (loss)/profit before 
     income tax                                    (4)            3
    
16.2  Income tax expense                             -          (1)  
                                                                   
   
                                                                   
                                              
16.3 Operating (loss)/profit after 
     income tax                                    (4)            2

16.4 Extraordinary items net
     of tax                                         -             -

16.5 Net (loss)/profit                             (4)            2

16.6 Outside equity interests                       -             -

16.7 Net )loss)/profit attributable 
     to members                                    (4)            2


MATERIAL INTERESTS IN ENTITIES WHICH ARE NOT CONTROLLED ENTITIES


Name of entity    Percentage of ownership    Contribution to operating
                    interest (ordinary           profit (loss) and 
                  securities, units, etc)       extraordinary items
                    held at end of period            after tax
                    or date of disposal              (item 1.14)
17.1 Equity accounted     Full year   Full year   Full year  Full year
     associated           Sep-98      Sep-97      Sep-98     Sep-97
                              %          %         AUDM       AUDM
                                                  
                                               
 Sime Merchant Bankers  
 Berhad                       26.5       26.5        (4)          2

 ANZ Meespeirson         
 Clearing Services Limited    50.0          -          -          -

                                                                   

17.2 Total                                           (4)          2
 
17.3 Other material                             
     interests                                 
 -                               -          -          -          -

 -                               -          -          -          -

 -                               -          -          -          -

17.4 Total                       -          -          -          -
 

ISSUED AND QUOTED SECURITIES AT 30 September 1998 
Description includes rate of interest and any redemption or
conversion rights together with prices and dates.

 Category of                  Total        Number  Issue     Paid-up
 securities                   Number       quoted  price     value
                                                   per share (cents)
                                                   (cents)
 18.1 Preference
      securities
                          64,016,000   64,016,000        -        -


 18.2 Issued during
     current period       64,016,000   64,016,000    1,047    1,047
                                                   (US625)   (US625)

 18.3 Ordinary
      securities  
      Fully paid      1,539,440,677 1,539,440,677        -        -
 18.4 Issued during
      current period 
      Fully paid         30,889,823     3,889,823      797      797

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


 18.6 Issued during
      current period               -            -        -        -


 18.7 Options                Number       Number   Exercise   Expiry
                             Issued       quoted   price      date

      On Issue             1,570,000            -     5.34  30/01/1999
                             280,645            -     8.76  30/01/2002
                              36,338            -     8.76  13/02/2002
                             100,000            -     8.76  23/03/2002
                             800,000            -     8.76  01/06/2002
                             198,256            -    11.45  22/01/2003
                             500,000            -    12.12  01/10/2002
                             500,000            -    11.40  01/10/2002
                             100,000            -    10.65  21/01/2003
                             100,000            -    11.40  21/01/2003
                              10,480            -    11.45  17/02/2003
                           1,450,000            -     9.51  23/02/2003
                             275,000            -    10.64  21/06/2003
                              50,000            -    10.76  30/07/2003

 18.8 Issued during
      current period         198,256            -    11.45  22/01/2003
                             500,000            -    12.12  01/10/2002
                             500,000            -    11.40  01/10/2002
                             100,000            -    10.65  21/01/2003
                             100,000            -    11.40  21/01/2003
                              10,480            -    11.45  17/02/2003
                           1,450,000            -     9.51  23/02/2003
                             275,000            -    10.64  21/06/2003
                              50,000            -    10.76  30/07/2003


 18.9 Exercised during
      current period       3,960,000            -     5.34  30/01/1999
                              86,108            -     8.76  30/01/2002
                              50,000            -     8.76  01/06/2002
                              50,000            -     3.44  01/03/1998


 18.10 Expired during
       current period         50,000            -     8.76  01/01/2002


 18.11 Debentures  
       (totals only)               -            -

 18.12 Unsecured notes
       (totals only)               -            -


COMMENTS BY DIRECTORS
 Refer accompanying announcement.

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 year ended 30 September 1998:

 Refer accompanying announcement.

A description of each event since the end of 30 September 1998  which 
has had a material effect and is not related to matters already 
reported, with financial effect quantified (if possible)

 In October 1998, the Group announced its decision to exit its
 London capital markets operations and institutional stockbroking
 business with a consequent abnormal loss after tax of $69 million.
 There have been no other significant events since 30 September 1998
 to the date of this report.

Franking credits available and prospects for paying fully or
partly franked dividends for at least the next year:          
                    
 The amount of franking credits available for the subsequent
 financial year is nil, after adjusting for franking credits that
 will arise from the payment of tax on Australian profits for the
 1998 financial year, less franking credits that will be utilised
 in franking the proposed final dividend and franking credits that
 may not be accessable by the Company at present.

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

 Change in accounting policies - refer page 58 to the accompanying
 announcement.
 Refer page 39 of the accompanying announcement for details of the
 change in basis of measurement of annual debt provision charge.


ITEM 19 - ADDITIONAL DISCLOSURE FOR TRUSTS
Item 19 is not applicable for the Australia and 
New Zealand Banking Group Limited for the year 
ended 30 September 1998.        
                       
    
     
                                           
                                                  
                                                        


ANNUAL MEETING  
(Preliminary final statement only)

The annual meeting will be held as follows:

Place                         Concert Hall
                              Victorian Arts Centre

Date                          21/12/1998                       

Time                          10.30am

Approximate date the  annual
report will be available      19/11/1998


COMPLIANCE STATEMENT

1  This statement has been prepared under accounting policies which
   comply with accounting standards as defined in the Corporations Law.
  

2  This report, and the financial statements under the Corporations
   Law, 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             The financial
             statements have           statements have
             been audited.             been subject to
                                       review.
                                       
         x   The financial             The financial
             statements are in         statements have not
             the process of            yet been audited or
             being audited             reviewed.
            
5 Australia and New Zealand Banking Group Limited has a formally
  constituted audit committee. 
 


J McFarlane 
(DIRECTOR)
04/11/1998


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