CBA

CBA has crossed the 5% substantial holder threshold in AFG through its ownership of Avanteos Investments and Colonial First State, primarily via managed investment schemes and superannuation trustee positions rather than direct proprietary acquisition. This is a regulatory disclosure of pre-existing relevant interests rather than a new capital deployment.

CBA has crossed the 5% substantial holder threshold in Australian Finance Group via its superannuation and managed fund vehicles (Avanteos and Colonial First State), reflecting passive accumulation through existing trustee and fund manager roles rather than a new strategic acquisition. The holding arises from CBA's control over voting power in these entities, which themselves hold AFG shares—a layered structure typical of major financial services groups with broad fund management operations.