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.
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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