Change of Director`s Interest Notice

Document date:  Fri 09 May 2003
Published:  Fri 09 May 2003 09:33:50
Document No:  204119
Document part:  A
Market Flag:  N
Classification:  Change of Director's Interest Notice 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2003-05-09  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
CHANGE OF DIRECTOR'S INTEREST NOTICE


   Name of Company          Australia And New Zealand Banking Group
                            Limited

   ABN                      11 005 357 522

We (the entity) give the ASX the following information under listing
rule 3.19A.2 and as agent for the director for the purposes of section
205G of the Corporations Act.
 
   Name of Director         Mr John McFarlane

   Date of last notice      31/01/2003


Part 1 - Change of director's relevant interests in securities

Direct or indirect interest          Direct Interest     457,000
                                     Indirect Interest   675,370
                            
Nature of indirect interest
(including registered holder)          

- HSBC Custody Nominees (Australia)   Ordinary shares    245,000
  Limited (as nominee for - Self
  Invested personal Pension Scheme)
- ANZEST Pty Ltd        
  - ANZ Employee Share Aquisition 
    Plan                              Ordinary shares     87,190
  - ANZ Directors' Share Plan         Ordinary shares    343,180
                                      Total              675,370
                          
Date of change                          01/05/2003

No. of securities held prior
to change                               1,132,370                

Class                                   Ordinary shares          

Number Acquired                         20,469 Indirect Interest

Number disposed                            N/A

Value/consideration                     $382,121                 

No. of securities held after
change                                 

  Direct Interest - Unchanged           N/A
  Indirect Interest - Increased         20,469
  Total of Interest                  1,152,839
                          
Nature of change                        On-market trade          

OPTIONS OVER UNISSUED ORDINARY SHARES

  Direct Interest                        3,500,000
  Indirect Interest                      N/A

No. of securities held prior to change   N/A

Date of Change                           N/A

Class                                    N/A

Number acquired - Direct Interest        N/A

Number disposed of                       N/A

Nature of Change                         N/A

Value/Consideration                      N/A

Number of securities held after
 change                                  N/A

Direct Interest - Increased              N/A

Indirect Interest - Unchanged            N/A

Total of Interest                        3,500,000




Part 2 - Change of director's relevant interests in contracts

Detail of contract                      -                        

Nature of direct interest               -                        

Name of registered holder
(if issued securities)                  -                        

Date of change                          -

No. and class of securities to which
interest related prior to change        -                        

Interest Acquired                       -                        

Interest disposed                       -                        

Value/consideration                     -                        

Interest after change                   -