Labubu dolls are not just a crazy new fad - they're a symbol of consumer resilience in China.
2025-06-30 00:00
All articles
From the economy, to trade, technology, sustainability and more, ANZ Institutional brings you the latest market-leading news, insights and analysis you can read, watch and listen to. This page is updated regularly with new and compelling content.
-
-
China’s property market transformation will reduce the macroeconomic impact of the sector.
2025-06-19 00:00 -
The $US is shifting form, and recent depreciation is likely to be the new normal.
2025-06-18 00:00 -
The First Nations economy is growing faster and more sustainably — offering a blueprint for inclusive national growth
2025-06-13 00:00 -
In the payments industry, customer experience (CX) is becoming the primary battleground, with businesses focusing on building relationships and providing seamless, personalized experiences to gain and retain customers.
2025-06-25 04:30 -
A new approach to asset financing is building equity in First Nations suppliers to the mining industry. First Nations procurement targets in other industries could be met with a similar approach.
2025-06-10 00:00 -
Trade uncertainty was not on display at theShanghai International Automobile Industry Exhibition in April.
2025-06-05 00:00 -
ANZ Institutional secures market-leading recognition from Crisil Coalition Greenwich across every major category in annual awards.
2025-06-10 00:00 -
Questions about Australia’s transition to the NPP real-time payments platform are being answered by an ANZ pilot putting PayDay Super to the test.
2025-05-29 00:00 -
The road to normalisation in the world’s largest bilateral trading relationship looks complex.
2025-05-28 00:00 -
Omni-channel, data and digital have all ushered in a new era of standout Australian retailers. Attention is shifting back to supply chains and currency amid tariff shocks.
2025-05-26 00:00 -
Easing depends on trade and consumer sentiment, economist suggests.
2025-05-21 00:00 -
Economies across Asia face tariff-driven challenges – but if there’s one thing they’ve shown they can do, it’s adapt.
2025-05-20 00:00 -
Breakthrough creates upside risks for China’s exports and GDP.
2025-05-14 00:00 -
Change in the payments space can appear overwhelming, but there’s a handful of things users, and providers, will always be able to rely on.
2025-05-12 00:00 -
ANZ Research has downgraded its forecast for Australia’s GDP growth.
2025-05-07 00:00 -
Uncertainty around trade will constrain activity across the region, including in hiring and investment.
2025-04-29 00:00 -
Market and industry updates, emerging trends and global activity around sustainable and green loans, bonds and linked loans, and transition finance.
2025-04-28 04:30 -
ANZ Research has lifted its gold forecast amid record prices for the precious metal.
2025-04-28 00:00 -
The US tariffs’ impact on China’s growth resembles the shocks that followed COVID-19 and the global financial crisis.
2025-04-23 00:00 -
Expected growth slowdown in the US likely to have impact on Australian consumer, business sentiment.
2025-04-22 00:00 -
Lower US dollar and lower US growth forecast amid tariff-driven uncertainty.
2025-04-17 00:00 -
Two economies indicate willingness for freer trade at a time when others are not.
2025-04-16 00:00 -
US recession risks have escalated in the wake of the tariff announcements.
2025-04-09 00:00 -
Tariffs at the scale the US has imposed, and other countries retaliated with, are enormously damaging to global activity.
2025-04-07 00:00 -
ANZ Research now expects the Reserve Bank of Australia to lower the official cash rate by 25 basis points in May, July and August.
2025-04-04 00:00 -
A lot has changed in the US in 2025, and caution over the growth outlook is warranted.
2025-04-01 00:00 -
US tariff activity looms as an issue for China’s outlook - but so far in 2025, momentum has grown.
2025-03-31 00:00 -
Find out all you need to know about the federal budget in our easy-to-follow infographic.
2025-03-26 00:00 -
The federal budget forecasts are not dissimilar to those in the December MYEFO.
2025-03-26 00:00 -
There are three frames through which we can look at the Australian federal budget, ANZ’s Chief Economist says.
2025-03-26 00:00 -
ANZ Research has made no changes to its forecast as a result of measures in the federal budget.
2025-03-25 00:00 -
The $US could be on the verge of a trend not seen for decades, expert tells ANZ’s Debt Conference.
2025-03-20 00:00 -
Underlying and headline deficits in Australia are likely through the forward estimates, ANZ Research suggests.
2025-03-19 00:00 -
ANZ’s Chief Economist says monetary policy won’t necessarily need to do all the work amid solid economic fundamentals.
2025-03-18 00:00 -
US tariffs on steel won’t impact Australia, but rising trade tensions could.
2025-03-13 00:00 -
It’s important to recognise the advancements made in equality, while acknowledging the work still required.
2025-03-07 00:00 -
Global easing environment around interest rates will continue amid uncertainty, ANZ Chief Economist says.
2025-03-06 00:00 -
Asian corporates and financial institutions, traditionally reliant on US dollar and euro markets, are turning to Australia.
2025-03-03 00:00 -
Favourable conditions and high levels of liquidity have led to strong activity across debt and capital markets in 2025 – and that’s expected to continue.
2025-02-25 00:00 -
Policymakers on all sides are looking to address India’s growth challenges as trad tensions simmer globally.
2025-02-20 00:00 -
Labour market front and centre as RBA begins easing, Adelaide Timbrell tells podcast.
2025-02-19 00:00 -
Familiar themes will continue to shape the global business environment in 2025, requiring diverse strategies to mitigate potential negative impacts and staying attuned to new opportunities.
2025-02-25 05:30 -
Businesses that consider geopol risks systematically will be well placed to take advantage in 2025.
2025-02-14 00:00 -
Volatility will drive opportunity for businesses through 2025.
2025-02-14 00:00 -
Clarity on the motivations behind tariff activity in the US – and the impact they will have on the market in 2025 – should become clearer in April.
2025-02-11 00:00 -
Interest rates, tariffs, and everywhere in between – ANZ economists share what they’re watching in key global markets in the new year.
2025-02-05 00:00 -
ANZ has been named a top relationship bank in Asia for the eighth-consecutive year.
2025-02-04 00:00 -
High levels of activity in the Aus institutional property and health sectors expected to continue.
2025-01-31 00:00 -
Indian policymakers may be pulled in different directions as they look to offset a growth slowdown.
2025-01-31 00:00 -
Business confidence and deal activity are back across all Australian states.
2025-01-29 00:00 -
Negativity dominates headlines on China – but don’t rule out upside surprises in the Year of the Snake.
2025-01-28 00:00 -
There are growing opportunities for businesses across the REI sector amid the transition to a low-carbon economy.
2025-01-23 00:00 -
Capex plans in Australia could strengthen in the second half of 2025 in response to shifting conditions, expert suggests.
2025-01-23 00:00 -
Data suggest Australia's economy can maintain a lower unemployment rate and keep inflation within the central bank’s target band.
2025-01-20 00:00 -
Businesses in the food, beverage and agriculture space face a 2025 defined by evolving consumer demands.
2025-01-16 00:00 -
Weak inflation data sees economists’ forecast pulled forward three months to February 2025.
2025-01-13 00:00 -
Customers in the payments space expect a modern experience as we move toward a real-time economy. As change accelerates, businesses need to prepare.
2025-01-15 00:00 -
Potential tarriffs a major source of downside risk to Asia’s growth prospects in 2025.
2025-01-14 00:00 -
The continued maturation of genAI in business will accelerate in the new year.
2025-01-08 00:00 -
Businesses are recognising nature and climate are intimately linked - and sustainability strategies need to address both.
2024-12-19 00:00 -
The path to a circular economy, and the role of businesses in circularity, is becoming clearer.
2024-12-17 00:00 -
India’s multiyear food-price surge goes beyond rainfall or heatwaves – and signs suggest it may ease in 2025.
2024-12-17 00:00 -
There is light at the end of the tunnel for New Zealand’s economy – but it might be brighter for some.
2024-12-16 00:00 -
Bank helps Queensland asset manager and sovereign investor convert existing facilities into sustainability-linked loans.
2024-12-16 00:00 -
To combat rising cybercrime, a ‘whole-of-community’ approach is essential for security.
2024-12-10 00:00 -
Growth in 2025 will be similar to what was seen in 2024, but sectoral outcomes will remain divergent.
2024-12-06 00:00 -
Former Australian Minister for Trade, Tourism and Investment to join ANZ Institutional.
2024-12-05 00:00 -
Latest trade survey from ACIT shows India ranked first among markets Australian businesses are considering for new trade opportunities.
2024-12-03 00:00 -
Incoming Aus taxonomy will help capital allocators put money towards the transition, institute chief says.
2024-12-03 00:00 -
Australia’s resiliency to current rate levels suggests rates may be on hold for longer, ANZ’s Head of Australian Economics says.
2024-12-02 00:00 -
Expect 2025 to be a year of growth, of a return to capital markets, and one of more M&A.
2024-11-27 00:00 -
There are no real winners in trade policies that could fracture supply chains across the region.
2024-11-21 00:00 -
China’s stockpiling of commodities is likely help demand for Australian resources.
2024-11-13 00:00 -
Door to rate cuts in Australia may be further ajar than expected, economist suggests.
2024-11-20 00:00 -
Three experts talk through what the rise of real-time payment systems means for treasurers and liquidity management.
2024-11-19 00:00 -
China faces a new economic normal as policymakers look to maintain growth in the economy.
2024-10-23 00:00 -
Chinese growth has slowed, and many see similarities to Japan’s ‘lost decade’. But there’s another market showing similarities to that era – car making.
2024-11-07 00:00 -
Frequent changes of government mean significant policy adjustments, but also opportunities.
2024-11-06 00:00 -
Helping accelerate the development of new housing requires collaboration.
2024-10-09 00:00 -
ANZ has been with Bulla through both good and tough times.
2024-08-27 00:00 -
Two ANZ experts sit down for a Q&A on how the modern payment experience is developing on both sides of the Tasman.
2024-10-25 00:00 -
Two ANZ experts speak on video about the key themes from on the ground at Sibos.
2024-10-23 00:00 -
Industry collaboration is the key to maintaining user trust in the payments system, ANZ expert suggests.
2024-10-21 00:00 -
Bank again helps carmaker secure sustainable-finance funding to support capacity at US manufacturing plant.
2024-09-23 00:00 -
Three key elements have put the India’s economic destiny is in its own hands.
2024-10-03 00:00 -
Speed and convenience are critical when it comes to payments in today’s fast-paced world.
2024-11-06 05:30 -
Ahead of Sibos in Beijing, Raymond Yeung runs through the themes that will shape the global economy in 2025.
2024-10-14 00:00 -
Digital assets won’t make real-time payments faster – but can help in other ways, ANZ expert suggests.
2024-10-09 00:00 -
Technology like genAI is slowly helping change the way the payments sector works
2024-10-07 00:00 -
Singapore’s position as a hub for innovation in the Asia-Pacific region extends to a market-leading role in the fintech space.
2024-10-03 00:00 -
Economies in the Asia-Pacific region lead the world in the adoption of digital payments. What lessons can other countries take from that success?
2024-10-03 00:00 -
Singapore’s role as a financial hub in south-east Asia creates an enticing opportunity for global fund managers.
2024-10-01 00:00 -
Expectations of both the Fed and markets – as well as upcoming data – will ultimately shape the outlook for US rates.
2024-09-20 00:00 -
Fed’s decision to cut interest rates by 50 basis points supports outlook for a soft landing, ANZ’s Brain Martin says.
2024-09-19 00:00 -
Three experts explain how the digital transition is changing the way payments work in the economy.
2024-09-17 00:00 -
Take up of fast-payments capabilities in Australia has finally broken through to desirable levels, Reserve Bank’s Ellis Connolly tells ANZ call.
2024-09-11 00:00 -
The global payments sector is searching for a middle path between speed and security as it comes together for the latest Sibos conference.
2024-09-10 00:00 -
Australia does build real economic partnerships in Asia - or at least those that are real enough to the former.
2024-09-09 00:00 -
China is changing. But a changing China is still a $US18 trillion economy.
2024-09-09 00:00 -
The FB&A sector is taking advantage of a billion-dollar opportunity around healthy food and drink in the region.
2024-08-19 00:00 -
The pace of any easing from the RBNZ would still be data dependent, economist says.
2024-08-16 00:00 -
Two south-east Asian markets present the most opportunity for FDI, ANZ’s Institutional head says.
2024-09-04 00:00 -
China has put its foot down, but the EV opportunity still has some charge left in it yet.
2024-09-02 00:00 -
Government-driven tariffs are likely here to stay.
2024-08-28 00:00 -
What impact would US Presidential candidate's proposed policies have on the economies of Asia?
2024-08-06 00:00 -
Geopolitics, technology and sustainability will all play a role in the evolution of supply chains in the grains sector.
2024-08-27 00:00 -
Australia’s cotton market is well-positioned to emerge from a period of global economic challenges into a position of strength.
2024-08-22 00:00 -
Shifting supply chains have turned Vietnam into a magnet for foreign direct investment, particularly in manufacturing.
2024-08-12 00:00 -
Indian government managed to fiscally consolidate without compression.
2024-07-30 00:00 -
Trade flows between China and Australia will inevitably shift to reflect the resource requirements of the new Chinese economy.
2024-08-09 00:00 -
Second-quarter CPI data won't derail the RBA in the quest to return Australia’s inflation to target, ANZ Research’s Catherine Birch says.
2024-08-02 00:00 -
Policy under a potential second Trump term is likely to present as much opportunity as it does volatility.
2024-07-26 00:00 -
Households are feeling a bit better. Will this be sustained ahead of key inflation data and the August RBA meeting?
2024-07-26 00:00 -
ANZ Research has brought forward its forecast for interest rate cuts in New Zealand after softer-than-expected inflation data.
2024-07-18 00:00 -
The events in the US have broad implications that matter for economies, Richard Yetsenga says.
2024-07-16 00:00 -
Shifting dynamics in Asia, outside India and mainland China, are changing the composition of the region’s GDP growth.
2024-07-12 00:00 -
ANZ’s Dhiraj Nim shares four key themes emerging for India’s post-election economic slate.
2024-06-19 00:00 -
ANZ Institutional named number one in the Coalition Greenwich relationship strength index for the fifteenth time since 2005.
2024-06-17 00:00 -
Headline inflation could reach zero in Q3, but that’s unlikely to be cause for a rate cut.
2024-07-01 00:00 -
Globally, inflation is finally coming down - but progress has been slow and uneven.
2024-07-03 00:00 -
Sustainable finance can’t come from thin air, CFO says – it needs to be part of an organisation's sustainability journey.
2024-07-02 00:00 -
The shifting payments landscape presents a huge opportunity for businesses – and ANZ’s award-winning, world-leading expertise can help them take advantage.
2024-06-28 00:00 -
ANZ pulls back rate-cut expectations in the euro area to just two more for the rest of the calendar year.
2024-06-19 00:00 -
Further ECB decisions will be guided by inflation data, ANZ's Brian Martin says on podcast.
2024-06-11 00:00 -
The trade relationship between the two locations has significant potential, even if it seems like an unlikely partnership.
2024-05-29 00:00 -
As conditions continue to shift in its favour, we could very well be on the precipice of the Indian century.
2024-05-22 00:00 -
Deal to fund plant that will supply batteries for 300,000 electric vehicles per year.
2024-05-27 00:00 -
AI is mapping supply chains, tokenisation is making tracing simpler, and 3D printing might do away with some shipping altogether, expert suggests.
2024-05-26 04:30 -
ANZ Research will be watching the ANZ-Roy Morgan Consumer Confidence index as a guide for how households may respond to the cost-of-living relief and Stage 3 tax cuts.
2024-05-24 00:00 -
ANZ’s Adam Boyton expects savers could give the RBA room to start easing monetary policy later in 2024.
2024-05-16 00:00 -
Energy price relief, an instant asset write-off extension, and additional measures to address cost of living may provide a boost for Australia’s 2.5 million small to medium businesses.
2024-05-15 00:00 -
After a surplus in 2023-24, the Australian federal budget returns to deficit and remains there over the forecast horizon.
2024-05-15 00:00 -
Adam Boyton talks through the key measures from the 24-25 Australian Federal budget.
2024-05-14 00:00 -
The budget contains a number of measures targeting households – how will they respond?
2024-05-14 00:00 -
Our easy-to-read infographic spells out the key announcements from the 2024-25 Australian federal budget.
2024-05-15 00:00 -
ANZ Institutional has continued to assist its customers in the leap to the digital economy.
2024-05-07 00:00 -
ANZ Research expects May's federal budget to show a small budget surplus, before the balance falls into deficit in 2024-25.
2024-05-02 00:00 -
Pacific nation expected to record highest revenue on record from three key crops - only a few years from its most recent peak.
2024-05-01 00:00 -
Better-than-expected gross domestic product figures have prompted a reassessment of China’s fortunes.
2024-04-22 00:00 -
What’s different about this era of elections is the role of governments in their economies.
2024-04-17 00:00 -
The Reserve Bank of New Zealand will need more certainty before contemplating cuts.
2024-04-16 00:00 -
South-east Asia’s economic strength is holding up despite softness from China, ANZ’s Khoon Goh says.
2024-04-10 00:00 -
First-quarter activity out of India reflects sustained economic momentum.
2024-04-08 00:00 -
This economic cycle has been atypical in many ways and will remain so. Macro dynamics are likely to stay frustratingly multi-speed.
2024-04-02 00:00 -
Result of upcoming US poll unlikely to help strengthen ties regardless of result, expert suggests.
2024-03-27 00:00 -
Inflation, wages and tax cuts are all factoring against the argument for near-term rate cuts, expert says.
2024-03-25 00:00 -
Inflation is never going back to pre-pandemic norms, ex-RBA Governor says.
2024-03-21 00:00 -
Inflation expectations means it will be some time before the Bank of Japan rises again, Tom Kenny says on podcast.
2024-03-20 00:00 -
This lunar new year is likely to be a turning point for China’s structural reform.
2024-02-08 00:00 -
ANZ named Asia’s number-one relationship bank for the seventh-straight year.
2024-02-08 00:00 -
If the economy is to really enjoy the proven benefits of diversity, we all must change with the times – and fast.
2024-03-08 00:00 -
The journey toward gender parity has been slow. But the economic case for faster progress is only growing.
2024-03-07 00:00 -
Solid spending data adds to hopes China can shift its economic narrative, ANZ’s Head of Asia Research says.
2024-03-07 00:00 -
Corporate impact on the natural environment is likely to be a growing consideration for businesses throughout the year.
2024-03-05 00:00 -
Overshadowed in recent times, Japan is a $US5trn economy that will play a larger role in the Asian economic discourse moving forward.
2024-03-01 00:00 -
Long-term access to capital markets will be increasingly determined by the ability of businesses to be transparent about their operations.
2024-03-01 00:00 -
Ongoing low loan volume and lack of M&A means conditions are positive for borrowers, ANZ expert says on podcast.
2024-02-27 00:00 -
The opportunities for generative artificial intelligence in the financial services space are clear – but so are the challenges.
2024-02-14 00:00 -
Sticky inflation means ANZ Research is now forecasting rate hikes in both February and April, Sharon Zollner told the 5 in 5 with ANZ podcast.
2024-02-13 00:00 -
Payday super will reshape the way employers process superannuation payments. Could digital assets make it easier for everyone?
2023-11-10 00:00 -
Cybersecurity is right near the top of every organisation’s list of risks – and industry leaders are taking active steps to address it.
2023-11-27 00:00 -
Businesses need to consider several critical sustainability developments through 2024.
2024-01-30 00:00 -
Ongoing inflation concerns mean the Reserve Bank of Australia remains on track for easing later in 2024, Adam Boyton says on podcast.
2024-02-07 00:00 -
The shift toward real-time payments looks set to continue in 2024, bringing opportunities for businesses to deliver better experiences to their customers.
2024-02-02 00:00 -
It’s likely consumer behaviour will continue to be driven by uncertainty in 2024, meaning cost-effective options will be popular.
2024-02-02 00:00 -
China’s economic momentum looks set to slow in 2024 – but there’s no fear of a freefall. Author; Raymond Yeung
2024-01-24 00:00 -
Inflation may be within the RBNZ’s band by the September quarter – suggesting the central bank may have done enough, Sharon Zollner says on podcast.
2024-01-23 00:00 -
A combination of local and global factors has resulted in a rapid change to India’s growth potential.
2024-01-17 00:00 -
Generative AI is already changing the world – but how can we ensure that change is for the better?
2024-02-01 00:00 -
ANZ economists expect muted growth in Australia in 2024 – but momentum is set to pick up in the second half of the year.
2024-01-11 00:00 -
Expecting a challenging 2024 is not unreasonable. Exactly how challenging is the question.
2023-12-21 00:00 -
Use of AI, improved cybercrime awareness, and increasingly real-time nature of treasury to dominate the New Year.
2023-12-20 00:00 -
Event helped renew push to finance harder-to-reach parts of the global economy, expert says on video.
2023-12-19 00:00 -
Embracing the opportunities of the net-zero transition means shifting away from a pure risk mindset, expert suggests.
2023-12-18 00:00 -
Event underscores important role of private finance in supporting activities that benefit nature, communities and the planet, expert says on video.
2023-12-14 00:00 -
There are already signs of a recovery in exports in Asia - and prospects are looking better.
2023-12-13 00:00 -
ANZ again recognised for market-leading support across capital markets; named sustainability debt house of the year for fifth time.
2023-12-08 00:00 -
Talks at the Conference of Parties will be critical for the future of frameworks around carbon markets and sustainable finance.
2023-12-06 00:00 -
The path of inflation is the key to consumer - and boardroom - confidence in 2024.
2023-12-06 00:00 -
As digital assets move from theory to practice, hear from two experts on the potential for the tech to change how banking works.
2023-11-13 00:00 -
Businesses at the forefront of the market are already thinking digitally in all their work.
2023-11-28 00:00 -
ANZ has helped Hyundai secure sustainable funding to expand its EV manufacturing to the United States.
2023-11-30 00:00 -
ANZ Research expects the US Federal Reserve to cut interest rates in the second half of calendar 2024, kicking off a 200-basis-point reduction cycle.
2023-12-06 00:00 -
Amid slowing growth across the market, sustainable finance issuance in Asia Pacific and north Asia continues to outperform the rest of the world.
2023-12-01 00:00 -
Cyber-crime is a significant and growing problem for organisations. It is also under-reported and expensive. By 2025, it is estimated that cyber-crime will cost US$10.5 trillion.
2023-12-05 00:00 -
The FB&A sector has an opportunity to reassess not just its impact on biodiversity - but how it can harness the value in a shift toward nature.
2023-11-30 00:00 -
Food inflation pressure looms as a risk for all sections of the Australian agriculture supply chain.
2023-11-22 00:00 -
ANZ Institutional has continued to help its customers make the transition to the digital economy.
2023-11-13 00:00 -
Australian businesses want to embrace the international opportunity – but it can be harder than it should be.
2023-10-17 00:00 -
As the US and China’s tit-for-tat innovation policies shore up strategically critical industries, one expert is wondering which sector is next in their sights.
2023-11-02 00:00 -
China today is not like it was two decades ago – but its next opportunity is clear.
2023-10-31 00:00 -
China is not the overwhelming capital player in Asia it once was, creating opportunities for other economies – and businesses.
2023-10-18 00:00 -
Inflation data suggest FOMC won’t be cutting anytime soon, expert says on podcast.
2023-10-13 00:00 -
Growth in the second half of 2023 won’t match that seen in the first, but a modest pick-up is on the cards in the medium term.
2023-09-28 00:00 -
The Sibos financial services conference brings together banking’s biggest innovators. Here’s what they’ll discuss in 2023.
2023-08-03 00:00 -
ANZ Financial Institutions Insights newsletter explores how generative AI will become a tool financial institutions need to embrace to maintain a competitive advantage, with an expert panel assembled by ANZ.
2023-09-15 04:30 -
Good decision making is the path to success in a world grappling with risk.
2023-09-28 00:00 -
ANZ’s chief economist explains the key things he is taking away from his recent visit to India.
2023-10-03 00:00 -
Food inflation looms at another front in the RBI’s inflation battle – and it can’t be shrugged off as entirely transient.
2023-09-27 00:00
Keep in touch with ANZ Insights
Sign up to receive market and economic commentary, giving you fresh ideas and
different perspectives on the industries and topics that matter to you.
This publication is published by Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (“ANZBGL”) in Australia. This publication is intended as thought-leadership material. It is not published with the intention of providing any direct or indirect recommendations relating to any financial product, asset class or trading strategy. The information in this publication is not intended to influence any person to make a decision in relation to a financial product or class of financial products. It is general in nature and does not take account of the circumstances of any individual or class of individuals. Nothing in this publication constitutes a recommendation, solicitation or offer by ANZBGL or its branches or subsidiaries (collectively “ANZ”) to you to acquire a product or service, or an offer by ANZ to provide you with other products or services. All information contained in this publication is based on information available at the time of publication. While this publication has been prepared in good faith, no representation, warranty, assurance or undertaking is or will be made, and no responsibility or liability is or will be accepted by ANZ in relation to the accuracy or completeness of this publication or the use of information contained in this publication. ANZ does not provide any financial, investment, legal or taxation advice in connection with this publication.