##### 



EXHIBIT 8

NOTE 41 Controlled Entities

|                                        |                                                    |                                          |  |                      |  |  |           |           |  | 
|--------------------------------------- | -------------------------------------------------- | ---------------------------------------- |  | -------------------- |  |  | --------- | --------- |  | 
|                                        |                                                    |                                          |  | Extent of Beneficial |  |  |           |          
|Entity Name                             |                                                    | Interest if not 100%                     |  | Incorporated in     
|                                        |                                                    |                                          |  |                     
|AUSTRALIA                               |                                                    |                                          |  |                      |  |  |           |          
|(a) Banking                             |                                                    |                                          |  |                      |  |  |           |          
|                                        | Commonwealth Bank of Australia                     |                                          |  |                      |  |  | Australia
|                                        | Controlled Entities:                               |                                          |  |                      |  |  |           |           | 
|                                        | Commonwealth Development Bank of Australia Limited |                                          |  |                      |  |  | Australia
|                                        | CBA Investments Limited                            |                                          |  |                      |  |  | Australia
|                                        | CBA Specialised Financing Limited                  |                                          |  |                      |  |  | Australia
|                                        | Share Investments Pty Limited                      |                                          |  |                      |  |  | Australia
|                                        | CBA Investments (No.2) Pty Limited                 |                                          |  |                      |  |  | Australia
|                                        | CBA International Finance Pty Limited              |                                          |  |                      |  |  | Australia
|                                        | CBCL Australia Limited                             |                                          |  |                      |  |  | Australia
|                                        | CBFC Limited                                       |                                          |  |                      |  |  | Australia
|                                        | Collateral Leasing Pty Limited                     |                                          |  |                      |  |  | Australia
|                                        | Commonwealth Securities Limited                    |                                          |  |                      |  |  | Australia
|                                        | Homepath Pty Limited                               |                                          |  |                      |  |  | Australia
|                                        | Chullora Equity Investments (No.2) Pty Limited *   |                                          |  |                      |  |  | Australia
|                                        | Chullora Equity Investments (No.3) Pty Limited *   |                                          |  |                      |  |  | Australia
|                                        | Commonwealth Insurance Limited                     |                                          |  |                      |  |  | Australia
|                                        | Commonwealth Investments Pty Limited *             |                                          |  |                      |  |  | Australia
|                                        | Commonwealth Property Limited                      |                                          |  |                      |  |  | Australia
|                                        | Infravest (No. 2) Limited                          |                                          |  |                      |  |  | Australia
|                                        | Commonwealth Fleet Lease Pty Limited               |                                          |  |                      |  |  | Australia
|                                        | Retail Investor Pty Limited                        |                                          |  |                      |  |  | Australia
|                                        | Sparad (no. 24) Pty Limited                        |                                          |  |                      |  |  | Australia
|                                        | Colonial Employee Share Plan Limited               |                                          |  |                      |  |  | Australia
|                                        | Colonial Finance Limited                           |                                          |  |                      |  |  | Australia
|                                        | Colonial Financial Services Pty Limited            |                                          |  |                      |  |  | Australia
|                                        | CST Securitisation Management Limited              |                                          |  |                      |  |  | Australia
|                                        | Emerald Holding Company Limited                    |                                          |  |                      |  |  | Australia
|                                        | TD Waterhouse Holdings (Aust) Pty Limited **       |                                          |  |                      |  |  | Australia
|(b) Life Insurance and Funds Management |                                                    |                                          |  |                      |  |  |           |          
|                                        | Commonwealth Custodial Services Limited            |                                          |  |                      |  |  | Australia
|                                        | Commonwealth Insurance Holdings Limited            |                                          |  |                      |  |  | Australia
|                                        |                                                    | Commonwealth Life Limited                |  |                      |  |  |           | Australia
|                                        | CLL Investments Limited                            |                                          |  |                      |  |  | Australia
|                                        | CIF (Hazelwood) Pty Limited                        |                                          |  |                      |  |  | Australia
|                                        | Commonwealth Investment Services Limited Group     |                                          |  |                      |  |  |           |           | 
|                                        |                                                    | Commonwealth Investment Services Limited |  |                      |  |  |           | Australia
|                                        |                                                    | Commonwealth Managed Investments Limited |  |                      |  |  |           | Australia
|                                        |                                                    | CISL (Hazelwood) Pty Limited             |  |                      |  |  |           | Australia
|                                        | Commonwealth Funds Management Limited Group        |                                          |  |                      |  |  |           |           | 
|                                        |                                                    | Commonwealth Funds Management Limited    |  |                      |  |  |           | Australia
|                                        |                                                    | CFM (ADF) Limited                        |  |                      |  |  |           | Australia
|                                        |                                                    | CFML Nominees Pty Limited                |  |                      |  |  |           | Australia
|                                        | CMG Asia Pty Limited                               |                                          |  |                      |  |  | Australia
|                                        | CMG First State Investment Managers (Asia) Limited |                                          |  |                      |  |  | Australia
|                                        | Colonial AFS Services Pty Limited                  |                                          |  |                      |  |  | Australia
|                                        | Colonial Financial Corporation Limited             |                                          |  |                      |  |  | Australia
|                                        | Colonial First State Group Limited                 |                                          |  |                      |  |  | Australia
|                                        | Avanteos Pty Limited **                            |                                          |  |                      |  |  | Australia
|                                        | Colonial First State Property Limited              |                                          |  |                      |  |  | Australia
|                                        | Colonial First Statutory Funds Management Limited  |                                          |  |                      |  |  | Australia
|                                        | CFS Managed Property Limited                       |                                          |  |                      |  |  | Australia
|                                        | Colonial Holding Company Pty Limited               |                                          |  |                      |  |  | Australia
|                                        | Colonial Holding Company (No.2) Pty Limited        |                                          |  |                      |  |  | Australia
|                                        | Colonial Financial Management Limited              |                                          |  |                      |  |  | Australia
|                                        | Colonial Insurance Services Pty Limited            |                                          |  |                      |  |  | Australia
|                                        | Colonial International Holdings Pty Limited        |                                          |  |                      |  |  | Australia
|                                        | Colonial Investments Holding Pty Limited           |                                          |  |                      |  |  | Australia
|                                        | Colonial Investment Services Limited               |                                          |  |                      |  |  | Australia
|                                        | Colonial LGA Holdings Limited                      |                                          |  |                      |  |  | Australia
|                                        | Colonial Mutual Funds Limited                      |                                          |  |                      |  |  | Australia
|                                        | The Colonial Mutual Life Assurance Society Limited |                                          |  |                      |  |  | Australia





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##### 



NOTE 41 Controlled Entities continued

|                                                  |                                                       |                                     |  |                      |  |  |                |             |  | 
|------------------------------------------------- | ----------------------------------------------------- | ----------------------------------- |  | -------------------- |  |  | -------------- | ----------- |  | 
|                                                  |                                                       |                                     |  | Extent of Beneficial |  |  |                |            
|Entity Name                                       |                                                       | Interest if not 100%                |  | Incorporated in     
|                                                  |                                                       |                                     |  |                     
|(b) Life Insurance and Funds Management continued |                                                       |                                     |  |                      |  |  |                |            
|                                                  | Colonial Mutual Superannuation Pty Limited            |                                     |  |                      |  |  | Australia     
|                                                  | Colonial PCA Holdings Pty Limited                     |                                     |  |                      |  |  | Australia     
|                                                  | Colonial PCA Services Limited                         |                                     |  |                      |  |  | Australia     
|                                                  | Colonial Portfolio Services Limited                   |                                     |  |                      |  |  | Australia     
|                                                  | Colonial Services Pty Limited                         |                                     |  |                      |  |  | Australia     
|                                                  | Jacques Martin Pty Limited                            |                                     |  |                      |  |  | Australia     
|NEW ZEALAND                                       |                                                       |                                     |  |                      |  |  |                |            
|(a) Banking                                       |                                                       |                                     |  |                      |  |  |                |            
|                                                  | ASB Group Limited                                     |                                     |  |                      |  |  | New Zealand   
|                                                  |                                                       | ASB Holdings Limited                |  |                      |  |  |                | New Zealand
|                                                  |                                                       | ASB Bank Limited                    |  |                      |  |  |                | New Zealand
|                                                  |                                                       | ASB Finance Limited                 |  |                      |  |  |                | New Zealand
|                                                  |                                                       | ASB Management Services Limited     |  |                      |  |  |                | New Zealand
|                                                  |                                                       | ASB Properties Limited              |  |                      |  |  |                | New Zealand
|                                                  |                                                       | ASB Superannuation Nominees Limited |  |                      |  |  |                | New Zealand
|                                                  | CBA Funding (NZ) Limited                              |                                     |  |                      |  |  | New Zealand   
|(b) Life Insurance and Funds Management           |                                                       |                                     |  |                      |  |  |                |            
|                                                  | ASB Group Limited                                     |                                     |  |                      |  |  | New Zealand   
|                                                  |                                                       | ASB Life Limited                    |  |                      |  |  |                | New Zealand
|                                                  | Sovereign Limited                                     |                                     |  |                      |  |  | New Zealand   
|                                                  | Colonial First State Investment Managers (NZ) Limited |                                     |  |                      |  |  | New Zealand   
|                                                  | Colonial First State Investments (NZ) Limited         |                                     |  |                      |  |  | New Zealand   
|                                                  | ASB Group (Life) Limited                              |                                     |  |                      |  |  | New Zealand   
|                                                  | Kiwi Income Properties Limited                        |                                     |  |                      |  |  | New Zealand   
|                                                  | Kiwi Property Management Limited                      |                                     |  |                      |  |  | New Zealand   
|                                                  | Sovereign Life NZ Limited                             |                                     |  |                      |  |  | New Zealand   
|                                                  | Sovereign Services Corporation New Zealand Limited    |                                     |  |                      |  |  | New Zealand   
|OTHER OVERSEAS                                    |                                                       |                                     |  |                      |  |  |                |            
|(a) Banking                                       |                                                       |                                     |  |                      |  |  |                |            
|                                                  | CBA Asia Limited                                      |                                     |  |                      |  |  | Singapore     
|                                                  | CBA (Europe) Finance Limited                          |                                     |  |                      |  |  | United Kingdom
|                                                  | CBA (Delaware) Finance Incorporated                   |                                     |  |                      |  |  | USA           
|                                                  | CTB Australia Limited                                 |                                     |  |                      |  |  | Hong Kong     
|                                                  | Senator
House Investments (UK) Limited (1)            |                                     |  |                      |  |  | United Kingdom
|                                                  | Commonwealth Securities (Japan) Pty Limited           |                                     |  |                      |  |  | Japan         
|                                                  | SBV Asia Limited                                      |                                     |  |                      |  |  | Hong Kong     
|                                                  | National Bank of Fiji Limited                         |                                     |  | 51                   |  |  | Fiji          
|                                                  | PT Bank Commonwealth                                  |                                     |  |                      |  |  | Indonesia     
|(b) Life Insurance and Funds Management           |                                                       |                                     |  |                      |  |  |                |            
|                                                  | CMG Asia Life Holdings Limited                        |                                     |  |                      |  |  | Bermuda       
|                                                  | CMG Asia Limited                                      |                                     |  |                      |  |  | Bermuda       
|                                                  | CMG Asia Pensions and Retirements Limited             |                                     |  |                      |  |  | Hong Kong     
|                                                  | CMG First State Investments (Hong Kong) Limited       |                                     |  |                      |  |  | Hong Kong     
|                                                  | CMG First State Singapore Limited                     |                                     |  |                      |  |  | Singapore     
|                                                  | Colonial Fiji Life Limited                            |                                     |  |                      |  |  | Fiji          
|                                                  | Colonial First State International Assets Limited     |                                     |  |                      |  |  | United Kingdom
|                                                  | Colonial First State Investments (Fiji) Limited       |                                     |  |                      |  |  | Fiji          
|                                                  | Colonial First State Investment Managers (UK) Limited |                                     |  |                      |  |  | United Kingdom
|                                                  | Colonial Healthcare (Fiji) Limited                    |                                     |  |                      |  |  | Fiji          
|                                                  | Colonial Services (Fiji) Limited                      |                                     |  |                      |  |  | Fiji          
|                                                  | Colonial First State UK Holdings Limited              |                                     |  |                      |  |  | United Kingdom
|                                                  | Waterloo & Victoria Limited                           |                                     |  |                      |  |  | Cayman Islands

Non-operating and minor operating controlled entities and investment
vehicles holding policyholder assets are excluded from the above list.



|(1) |  | Wholly owned subsidiary of CBA International Finance Pty Limited.
|--- |  | -----------------------------------------------------------------
|   
|*   |  | Small proprietory companies not requiring audit.                 
|   
|**  |  | Companies purchased during the year.