Ex 4.1B


 


AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED


(A.B.N.
11 005 357 522),


 


As Issuer,


 


TO


 


 


J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION

(as successor trustee to Bank One, N.A., 

formerly known as The First National Bank of Chicago),


 


As Trustee,


 










 


Second Supplemental Indenture


 


Dated as of
[        ] [  ],
[    ]


 


To


 


Indenture


 


Dated as of February 28, 1996


 










 





















 


SECOND SUPPLEMENTAL INDENTURE, dated as of
[        ] [  ],
[    ], between AUSTRALIA AND NEW ZEALAND BANKING GROUP
LIMITED (A.B.N. 11 005 357 522), a corporation duly incorporated and existing
under the laws of the Commonwealth of Australia, as Issuer (herein called the “Company”),
having its principal office at 100 Queen Street, Melbourne, Victoria 3000,
Australia, and J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION (as successor trustee to Bank One, N.A.,
formerly known as The First National Bank of Chicago), a national
association organized and existing under the laws of the United States of
America, as Trustee (herein called the “Trustee”).


 


RECITALS
OF THE COMPANY


 


The Company and the Trustee have entered into an Indenture dated as of
February 28, 1996 (herein called the “Indenture”), as amended and
supplemented by the First Supplemental Indenture, dated as of May 29, 1998,
providing for the issuance from time to time of its unsecured debentures, notes
or other evidences of indebtedness (herein called the “Securities”), to be
issued in one or more series as provided in the Indenture.


 


Section 901(5) of the Indenture provides that, without the consent of
the Holders, the Company and the Trustee, at any time and from time to time,
may enter into one or more indentures supplemental thereto, in form
satisfactory to the Trustee, to add to, change or eliminate any of the
provisions of this Indenture in respect of one or more series of Securities, provided
that any such addition, change or elimination (A) shall neither (i) apply to
any Security of any series created prior to the execution of such supplemental
indenture and entitled to the benefit of such provision nor (ii) modify the
rights of the Holder of any such Security with respect to such provision or (B)
shall become effective only when there is no such Security Outstanding.


 


As of the date of this Second Supplemental Indenture, the Company has
created a series of Securities, called “Senior Medium-Term Notes, Series A”,
pursuant to Section 301 of the Indenture pursuant to an Officers’ Certificate,
dated February 28, 1996, as amended pursuant to an Officers’ Certificate dated
May 29, 1998.


 


Pursuant to the foregoing authority granted under Section 901(5) of the
Indenture, the Company intends to amend the Indenture by this Second
Supplemental Indenture in certain respects with respect to the Securities of
all series of Securities not heretofore Outstanding.


 


The entry into this Second Supplemental Indenture by the Company and
the Trustee is in all respects authorized by the provisions of the Indenture.


 


All things necessary to make this Second Supplemental Indenture a valid
agreement of the Company and the Trustee and a valid amendment of and
supplement to the Indenture have been done.


 


2





















 


NOW, THEREFORE, THIS SECOND
SUPPLEMENTAL INDENTURE WITNESSETH, the Company and the Trustee each hereby
agree as follows:


 


1.             The
following definitions are to be added to Section 101:


 


“Australian Corporations Act” means the
Corporations Act 2001 (Cth) of Australia.


 


“Offshore Associate” has the meaning
specified in Section 1007.


 


2.             All references to the term “Australian Corporations Law”
are hereby replaced throughout the Indenture with the term “Australian
Corporations Act.”


 


3.             The following definitions in Section 101 of the Indenture
are hereby amended as follows:


 


“Place of Payment”, when used with respect to
the Securities of any series, means the place or places where the principal of
and any premium and interest on the Securities of that series are payable as
specified as contemplated by Section 301.


 


“Subsidiary” of any Person has the meaning
ascribed to the term “subsidiary” in relation to a body corporate by Section 9
of the Australian Corporations Act.


 


4.             The third paragraph following the legend set forth in the
form of Security set forth in Section 202 is amended as follows:


 


[   ]


 


Payment of the principal of (and premium, if
any) and [if applicable, insert — any such] interest on this Security will be
made at the office or agency of the Company maintained for that purpose in
            , in
such coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts [if applicable, insert
— ; provided, however, that at the option of the Company payment of interest
may be made by check mailed to the address of the Person entitled thereto as
such address shall appear in the Security Register.


 


[   ]


 


5.             The first paragraph of Section 203 of the Indenture is
hereby modified as follows:


 


SECTION 203.     Form of Reverse of Security.


 


3





















 


This Security is one of a duly authorized
issue of securities of the Company (herein called the “Securities”),  issued and to be issued in one or more series
under an Indenture, dated as of February 28, 1996 (herein called the
“Indenture”), as amended and supplemented by the First Supplemental Indenture,
dated as of May 28, 1998, and the Second Supplemental Indenture, dated as of             ,
between the Company and J.P. Morgan Trust Company, National Association (as
successor trustee to Bank One, N.A., formerly known as The First National Bank
of Chicago), as Trustee (herein called the “Trustee”, which term includes any
successor trustee under the Indenture), and reference is hereby made to the
Indenture for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee and the Holders of
the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on
the face hereof [if applicable, insert — , limited in aggregate principal
amount to $...........]. [if applicable, insert —; provided, however, that the
Company may from time to time or at any time, without the consent of the
Holders of the Securities, create and issue additional Securities with terms
and conditions identical to those of the Securities, which additional
Securities shall increase the aggregate principal amount of, and shall be
consolidated and form a single series with, the Securities].


 


[   ]


 


6.             Subparagraph (6) of the second paragraph of Section 301
of the Indenture is hereby amended as follows:


 


SECTION 301.     Amount Unlimited; Issuable in Series.


 


[   ]


 


(6) the place or places where the principal
of and any premium and interest on any Securities of the series shall be
payable, any Securities of the series may be surrendered for registration of
transfer, Securities of the series may be surrendered for exchange and notices
and demands to or upon the Company in respect of the Securities of the series
and this Indenture may be served


 


7.             The second paragraph of Section 301 of the Indenture is
further amended by the removal of the word “and” in numbered paragraph (18) and
the insertion of the following paragraph after numbered paragraph (18):


 


SECTION 301.     Amount Unlimited; Issuable in Series.


 


4





















 


[   ]


 


(18.1)      if
the Company may from time to time without the consent of the Holders create and
issue further securities having the same terms and conditions as the Securities
in all respects (or in all respects except for the issue date, the first
payment of interest thereon and/or issue price), so that such further issue
shall be consolidated and form a single series with the outstanding Securities
of any series or upon such terms as the Company may determine at the time of
their issue; and


 


[   ]


 


8.             The
first paragraph of Section 305 of the Indenture is hereby amended as follows:


 


The Company shall cause to be kept at the
Corporate Trust Office of the Trustee a register (the register maintained in
such office and in any other office or agency of the Company in a Place of
Payment being herein sometimes collectively referred to as the “Security
Register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Securities and of
transfers of Securities.  The Trustee is
hereby appointed “Security Registrar” for the purpose of registering Securities
and transfers of Securities as herein provided.


 


9.             Numbered
paragraph (6) of Section 501 of the Indenture is hereby amended as follows:


 


SECTION 501.     Events of Default


 


(6)           the
making of an order by a court in the State of Victoria, Commonwealth of
Australia or a court with appellate jurisdiction from such court which is not
successfully appealed or permanently stayed within 60 days of the entry of such
order, or the valid adoption by the shareholders of the Company of an effective
resolution, in each case for the winding up for the Company (other than under
or in connection with a scheme of amalgamation or reconstruction not involving
bankruptcy or insolvency); or


 


[   ]


 


5





















 


10.           Numbered
paragraph (2) of Section 801 is hereby renumbered as paragraph (3) and the
following new paragraph (2) is hereby added as an amendment to Section 801 as
follows:


 


(2)           immediately
after giving effect to such consolidation, merger, amalgamation, transfer or
lease and treating any indebtedness which becomes an obligation of the Company
or any Subsidiary as a result of such consolidation, merger, amalgamation,
transfer or lease as having been incurred by the Company or such Subsidiary at
the time of such consolidation, merger, amalgamation, transfer or lease, no
Event of Default, and no event which, after notice or lapse of time or both,
would become an Event of Default, shall have happened and be continuing; and


 


11.           The
first paragraph of Section 1003 of the Indenture is hereby amended as follows:


 


SECTION 1003.                   Money for Securities Payments
to be Held in Trust


 


If the Company shall at any time act as its
own Paying Agent with respect to any series of Securities, it will, on or
before each due date of the principal of or any premium or interest on any of
the Securities of that series, segregate and hold in trust for the benefit of
the Persons entitled thereto a sum sufficient to pay the principal and any
premium and interest so becoming due until such sums shall be paid to such
Persons or otherwise disposed of as herein provided and will promptly notify
the Trustee of its action or failure so to act.


 


12.           Section
1007 is deleted in its entirety and replaced by the following:


 


SECTION 1007.   Additional Amounts


 


All payments of, or in respect of, principal
of, and any premium and interest on, the Securities shall be made without
withholding or deduction for, or on account of, any present or future taxes,
duties, assessments or governmental charges of whatever nature imposed or levied
by or on behalf of Australia or any political subdivision or taxing authority
thereof or therein, unless such taxes, duties, assessments or governmental
charges are required by Australia or any political subdivision or taxing
authority thereof or therein to be withheld or deducted.  In that event, the Company will pay such
additional amounts of, or in respect of, the principal of, and any premium and
interest on, the Securities (“Additional Amounts”) as will result (after
deduction of such taxes, duties, assessments or governmental charges and any
additional taxes, duties, assessments or governmental charges payable in
respect of such) in the payment to the


 


6





















 


Holder of each Security of the amounts which
would have been payable in respect of such Security had no such withholding or
deduction been required, except that no Additional Amounts shall be so payable
for or on account of:


 


(1)          any
withholding, deduction, tax, duty, assessment or other governmental charge
which would not have been imposed but for the fact that such Holder:  (A) was a resident, domiciliary or national
of, or engaged in business or maintained a permanent establishment or was
physically present in, Australia or otherwise had some connection with
Australia other than the mere ownership of, or receipt of payment under, such
Security; or (B) presented such Security more than thirty (30) days after the
date on which the payment in respect of such Security first became due and
payable or provided for, whichever is later, except to the extent that the
Holder would have been entitled to such Additional Amounts if it had presented
such Security for payment on any day within such period of thirty (30) days;


 


(2)          any
estate, inheritance, gift, sale, transfer, personal property or similar tax, assessment
or other governmental charge or any withholding or deduction on account of such
taxes;


 


(3)          any
tax, assessment or other governmental charge which is payable otherwise than by
withholding or deduction from payments of (or in respect of) principal of, or
any premium or interest on, the Securities;


 


(4)          any
withholding, deduction, tax, assessment or other governmental charge that is
imposed or withheld by reason of the failure by the Holder of such Security or,
in the case of a Global Security, the beneficial owner of such Security to
comply with a request of the Company addressed to such Holder or beneficial
owner, as the case may be, (A) to provide information concerning the
nationality, residence or identity of such Holder or such beneficial owner, as
the case may be, (B) to make any declaration or other similar claim or satisfy
any information or reporting requirement or (C) to provide an Australian tax
file number, Australian Business Number or proof of an appropriate exemption,
which, in the case of (A), (B) or (C) is required or imposed by a statute,
treaty, regulation or administrative practice of Australia or any political
subdivision or taxing authority thereof or therein as a precondition to
exemption from all or part of such withholding, deduction, tax, assessment or
other governmental charge;


 


7





















 


(5)          any
combination of items (1), (2), (3) and (4);


 


nor shall Additional Amounts be paid with
respect to any payment of, or in respect of, the principal of, or any premium
or interest on, any such Security to any such Holder who is a fiduciary or
partnership or other than the sole beneficial owner of such payment to the
extent such payment would, under the laws of Australia or any political
subdivision or taxing authority thereof or therein, be treated as being derived
or received for tax purposes by a beneficiary or settlor with respect to such
fiduciary or a member of such partnership or a beneficial owner who would not
have been entitled to such Additional Amounts had it been the Holder of the Security.


 


The Company will not be liable
to pay Additional Amounts to any Holder for any deduction or withholding on
account of any duties or taxes where those duties or taxes are imposed or
levied by or on behalf of the Commonwealth of Australia by virtue of the Holder
being an “Offshore Associate” (to whom the payment is made other than in the
capacity of a clearing house, paying agent, custodian, funds manager or
responsible entity of a registered scheme within the meaning of the Australian
Corporations Act 2001) or as a result of the Holder being a party to or
participant in a scheme to avoid such duties or taxes.  “Offshore Associate” means an “associate”
(which is defined in s128F(9) of the Income Tax Assessment Act 1936 of
Australia) of the Company that is either a non-resident of the Commonwealth of
Australia which does not acquire or receive payments in respect of the Security
in carrying on a business at or through a permanent establishment in Australia
or, alternatively, a resident of Australia that acquires or receives payment in
respect of the Security in carrying on business at or through a permanent
establishment outside of Australia.


 


Whenever in this Indenture
there is mentioned, in any context, any payment of, or in respect of, the
principal of, or any premium or interest on, any Security of any series, such
mention shall be deemed to include mention of the payment of Additional Amounts
provided for in this Section to the extent that, in such context, Additional
Amounts are, were or would be payable in respect thereof pursuant to the
provisions of this Section, and any express mention of the payment of
Additional Amounts in any provisions hereof shall not be construed as excluding
Additional Amounts in those provisions hereof where such express mention is not
made.


 


13.           Section
1303 of the Indenture is hereby amended as follows:


 


8





















 


SECTION 1303.   Covenant Defeasance


 


Upon the Company’s exercise of
its option (if any) to have this Section applied to any Securities or any
series of Securities, as the case may be, (1) the Company shall be released
from its obligations under Section 801, Section 1008, and any covenants
provided pursuant to Section 301(18), 901(2) or 901(7) for the benefit of the
Holders of such Securities, and (2) the occurrence of any event specified in
Sections 501(4) (with respect to any of Section 801(3), Section 1008 and any
such covenants provided pursuant to Section 301(18), 901(2) or 901(7)), 501(5)
and 501(8) shall be deemed not to be or result in an Event of Default, in each
case with respect to such Securities as provided in this Section on and after
the date the conditions set forth in Section 1304 are satisfied (hereinafter
called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means
that, with respect to such Securities, the Company may omit to comply with and
shall have no liability in respect of any term, condition or limitation set
forth in any such specified Section (to the extent so specified in the case of
Section 501(4)), whether directly or indirectly by reason of any reference
elsewhere herein to any such Section or by reason of any reference in any such
Section to any other provision herein or in any other document, but the
remainder of this Indenture and such Securities shall be unaffected thereby.


 


14.           No Applications to Securities of all Series
Outstanding


 


The provisions of the Indenture
effected through this Second Supplemental Indenture shall not have retroactive
effect and shall neither (i) apply to any Security of any series Outstanding
when such Second Supplemental Indenture is executed nor (ii) modify the rights
of any Holder of any such Security with respect to such provision.


 


15.           Governing Law.


 


This Second Supplemental Indenture shall be governed by, and construed
in accordance with, the laws of the State of New York; provided, however, that (a) the
authorization and execution of this Second Supplemental Indenture by and on
behalf of the Company, and (b) the occurrence of an Event of Default under
Section 501(6) and (7) of the Indenture, as amended hereby, shall be governed
by, and construed in accordance with, the laws of the State of Victoria,
Commonwealth of Australia.


 


16.           Recitals.


 


The Trustee has no responsibility for the correctness of the statements
of facts contained herein under “Recitals of the Company”.


 


9





















 


IN WITNESS WHEREOF, the parties hereto have caused this Second
Supplemental Indenture to be duly executed all as of the day and year first
above written.


 


 


	
   

  	
  AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION

  
	
   

  	
  (as successor trustee to Bank One, N.A., formerly known as The First National Bank of Chicago), as
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  



 


10