**Exhibit 8**

Controlled Entities
| **Ultimate  parent of the Group**                               | ** ** | **Incorporated in** | ** ** | **Nature of Business** |
|-----------------------------------------------------------------|------------|---------------------|------------|------------------------|
| **Australia and  New Zealand Banking Group Limited**            | ** ** | **Australia**       | ** ** | **Banking**            |
| All controlled entities are 100% owned unless  otherwise noted. |       |                |       |                   |
| The material controlled entities of the Group are:              |       |                |       |                   |
| **Amerika Samoa Bank**                                          |       | American Samoa      |       | Banking                |
| **ANZ Capel Court Limited**                                     |       | Australia           |       | Investment Banking     |
| **ANZ Capital Funding Pty Ltd**                                 |       | Australia           |       | Funding                |
| **ANZ Capital Hedging Pty Ltd**                                 |       | Australia           |       | Hedging                |
| **ANZcover Insurance Pty Ltd**                                  |       | Australia           |       | Captive-Insurance      |
| **ANZ (Delaware) Inc**                                          |       | USA                 |       | Finance                |
| **ANZ Executors & Trustee Company Limited**                 |       | Australia           |       | Trustee/Nominee        |
| **ANZ Financial Products Pty Ltd**                              |       | Australia           |       | Investment             |
| **ANZ Funds Pty Ltd**                                           |       | Australia           |       | Holding Company        |
| ANZ Bank (Europe)  Limited*                                     |       | England             |       | Banking                |
| ANZ Bank (Samoa)  Limited*                                      |       | Samoa               |       | Banking                |
| ANZ Holdings  (New Zealand) Limited*                            |       | New Zealand         |       | Holding Company        |
| ANZ National  Bank Limited*                                     |       | New Zealand         |       | Banking                |
| ANZ Investment  Services (New Zealand)*                         |       | New Zealand         |       | Fund Manager           |
| ANZ National  (Int’l) Limited*                             |       | New Zealand         |       | Finance                |
| Arawata Finance  Limited*                                       |       | New Zealand         |       | Finance                |
| Cortland Finance  Limited*                                      |       | New Zealand         |       | Investment             |
| Arawata Holdings  Limited*                                      |       | New Zealand         |       | Holding Company        |
| Harcourt  Corporation Limited*                                  |       | New Zealand         |       | Investment             |
| Airlie  Investments Limited*                                    |       | New Zealand         |       | Investment             |
| Nerine Finance No. 2(1)                                         |       | New Zealand         |       | Finance                |
| Arawata Trust  Company*                                         |       | New Zealand         |       | Finance                |
| Arawata Trust*                                                  |       | New Zealand         |       | Finance                |
| Endeavour  Finance Limited*                                     |       | New Zealand         |       | Finance                |
| Tui Endeavour  Limited*                                         |       | New Zealand         |       | Finance                |
| National Bank of  New Zealand Custodians Limited*               |       | New Zealand         |       | Custodians             |
| Alos Holdings  Limited*                                         |       | New Zealand         |       | Investment             |
| NBNZ Holdings  Ltd*                                             |       | New Zealand         |       | Holding Company        |
| Private Nominees  Limited*                                      |       | New Zealand         |       | Nominee                |
| UDC Finance  Limited*                                           |       | New Zealand         |       | Finance                |
| Truck Leasing  Limited*                                         |       | New Zealand         |       | Leasing                |
| ANZ  International (Hong Kong) Limited*                         |       | Hong Kong           |       | Holding Company        |
| ANZ Asia  Limited*                                              |       | Hong Kong           |       | Banking                |
| ANZ Bank  (Vanuatu) Limited*                                    |       | Vanuatu             |       | Banking                |
| ANZ International  Private Limited*                             |       | Singapore           |       | Holding Company        |
| ANZ Singapore  Limited*                                         |       | Singapore           |       | Merchant Banking       |
| ANZ Royal Bank  (Cambodia) Limited*(1)                          |       | Cambodia            |       | Banking                |
| Bank of Kiribati  Ltd*(1)                                       |       | Kiribati            |       | Banking                |
| LFD Limited                                                     |       | Australia           |       | Holding Company        |
| **ANZ Investment Holdings Pty Ltd**                             |       | Australia           |       | Holding Company        |
| 530 Collins  Street Property Trust                              |       | Australia           |       | Investment             |
| **ANZ Lenders Mortgage Insurance Pty Limited**                  |       | Australia           |       | Mortgage Insurance     |
| **ANZ Nominees Limited**                                        |       | Australia           |       | Nominee                |
| **ANZ Orchard Investments Pty Ltd**                             |       | Australia           |       | Holding Company        |
| **ANZ Rural Products Pty Ltd**                                  |       | Australia           |       | Investment             |
| **Australia and New Zealand Banking Group (PNG)  Limited***     |       | Papua New Guinea    |       | Banking                |
| **Coral Finance Limted(1)**                                     |       | England             |       | Securitisation         |
| **Esanda Finance Corporation Limited**                          |       | Australia           |       | General Finance        |
| Fleet Partners  Pty Limited(2)                                  |       | Australia           |       | Finance                |
| **Kingfisher Trust 2004-1G(****1)**                             |       | Australia           |       | Securitisation         |
| **NMRSB Pty Ltd**                                               |       | Australia           |       | Investment             |
| **PT ANZ Panin Bank*(****1)**                                   |       | Indonesia           |       | Banking                |

 

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| *   | Audited by  overseas KPMG firms.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Minority  interests hold ordinary shares or units in the controlled entities listed  above as follows: Bank of Kiribati -150,000 $1 ordinary shares (25%) (2005 :  150,000 $1 ordinary shares 25%); PT ANZ Panin Bank – 7,500 IDR 1M shares  (15%) (2005: 7,500 IDR 1M shares 15%); Nerine Finance No. 2 – 3,650  NZD100,000 redeemable preference shares and 35 NZD1 Class ‘A’ shares (42%)  (2005: 3,650 NZD100,000 redeemable preference shares and 35 NZD1 Class ‘A’  shares (42%)); ANZ Royal Bank (Cambodia) Limited – 99,000 $100 USD ordinary  shares (45%) (2005: 81,000 100 USD ordinary shares (45%)); Coral Finance  Limted – GBP 1 ordinary share (67%) (2005: GBP 1 ordinary share (67%)) and  Kingfisher Trust 2004 – 1G $5 residual capital unit (50%) (2005: $5 residual  capital unit (50%). |
| (2) | Sold after year end, see note 52.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

 

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