ANZ Bank undergoes restructuring: Implications for Immigration to NZ

ANZ Bank has undergone a restructuring process that involved separating its banking and non-banking businesses and establishing a new parent company as a non-operating holding entity.

Prior to the restructuring, ANZ equities were issued by the Australia and New Zealand Banking Group which is a New Zealand registered bank. The equities were, therefore an acceptable investment for immigration purposes.

However, as a result of the restructuring, ANZ Bank now issues equities through a non-operating holding company called ANZ Group Holdings Limited (ANZ GHL). ANZ GHL is incorporated overseas and is not a registered bank in New Zealand, which means that the equities may no longer be considered acceptable for immigration purposes.
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It is important to take into account that investor, parent, and temporary retirement applicants may encounter varying impacts depending on their current stage in their immigration procedures.

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