EXHIBIT 8

|Subsidiaries                                                   |                                     | Incorporated in                          |                            | Nature of Business    
|-------------------------------------------------------------- | ----------------------------------- | ---------------------------------------- | -------------------------- | ----------------------
|All controlled entities are 100% owned unless otherwise noted. |                                     |                                          |                            |                       
|The material controlled entities of the Group are              |                                     |                                          |                            |                       
|Australia and New Zealand Banking Group Limited                |                                     | Australia                                |                            | Banking               
|ANZCover Insurance Pty Ltd                                     |                                     | Australia                                |                            | Self-Insurance        
|ANZ Executors & Trustee Company Limited                        |                                     | Australia                                |                            | Trustee/Nominee       
|ANZ Funds Pty Ltd                                              |                                     | Australia                                |                            | Holding Company       
|                                                               | ANZ Holdings (New Zealand) Limited* |                                          | New Zealand                |                       
|                                                               |                                     | EFTPOS New Zealand Limited*              |                            | New Zealand           
|                                                               |                                     | ANZ Banking Group (New Zealand) Limited* |                            | New Zealand           
|                                                               |                                     |                                          | Tui Securities Limited*    |                       
|                                                               |                                     |                                          | UDC Finance Limited*       |                       
|                                                               |                                     |                                          | Endeavour Finance Limited* |                       
|                                                               |                                     |                                          |                            | Tui Endeavour Limited*
|                                                               | ANZ International Private Limited*  |                                          | Singapore                  |                       
|                                                               |                                     | ANZ Singapore Limited*                   |                            | Singapore             
|                                                               | Minerva Holdings Limited*           |                                          | England                    |                       
|                                                               |                                     | ANZEF Limited*                           |                            | England               
|ANZ Lenders Mortgage Insurance Pty Limited                     |                                     | Australia                                |                            | Mortgage Insurance    
|ANZ Holdings Pty Ltd                                           |                                     | Australia                                |                            | Property Owner        
|ANZ Investment Holdings Pty Ltd                                |                                     | Australia                                |                            | Investment            
|                                                               | 530 Collins Street Property Trust   |                                          | Australia                  |                       
|ANZ Properties (Australia) Pty Ltd                             |                                     | Australia                                |                            | Property Owner        
|ANZ Securities (Holdings) Limited                              |                                     | Australia                                |                            | Holding Company       
|Australia and New Zealand Banking Group (PNG) Limited*         |                                     | Papua New Guinea                         |                            | Banking               
|Esanda Finance Corporation Limited                             |                                     | Australia                                |                            | General Finance       
|                                                               | Fleet Partners Pty Limited          |                                          | Australia                  |                       
|ANZ Capel Court Limited                                        |                                     | Australia                                |                            | Investment Banking    
|PT ANZ Panin Bank*(1)                                          |                                     | Indonesia                                |                            | Banking               
|US Distribution Trust I                                        |                                     | USA                                      |                            | Investment            
|US Distribution Trust II                                       |                                     | USA                                      |                            | Investment            
|Alliance Holdings Limited                                      |                                     | Australia                                |                            | Investment            
|NMRSB Pty Ltd                                                  |                                     | Australia                                |                            | Investment            
|ANZ Financial Products Pty Ltd                                 |                                     | Australia                                |                            | Investment            
|Orchard Investments Pty Ltd                                    |                                     | Australia                                |                            | Investment            

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PT
ANZ Panin Bank7,500 IDR 1M shares (15%) (2001: 7,500 IDR 1M shares (15%))

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