ANZ Bank New Zealand Limited

The Arrangement is that Australia and New Zealand Banking Group Limited (ANZBGL) shareholders will exchange their ANZBGL ordinary shares for shares in a non-operating holding company, as part of a reorganisation of ANZBGL and its subsidiaries, and the related amendments to the ANZBGL employee share schemes. This Ruling applies to New Zealand tax resident employees of ANZBGL and its subsidiaries as at the date of the reorganisation who are participants in the ANZBGL employee share schemes.

Tax Information Bulletin Vol 34 No 11 - December 2022