RNS Number:8651N
Commonwealth Bank of Australia
14 December 2006

                    COMMONWEALTH BANK APPOINTS NEW AUDITOR

Sydney, 12 December 2006. Following completion of a formal tender process the
Commonwealth Bank will recommend to shareholders at its 2007 Annual General
Meeting the appointment of PricewaterhouseCoopers as auditor effective from the
beginning of the 2008 financial year.

The Bank's current auditor, Ernst & Young, will remain responsible for the
completion of the audit for the current financial year. Arrangements are being
finalised between the Bank, PricewaterhouseCoopers and Ernst & Young to ensure a
smooth transition to the new auditor.

Commenting on the appointment, Commonwealth Bank CEO, Ralph Norris said:
"Following an intensive process the Board is pleased to recommend the
appointment of PricewaterhouseCoopers as the Bank's new auditor. We would like
to thank our current auditor, Ernst & Young, for its valuable contribution over
the last decade and we look forward to our continuing relationship".

                                      ENDS                                      

 
Media contact:
Bryan Fitzgerald
General Manager, Media
Ph: (02) 9378 2663
Mobile: 0414 789 649

Investor Relations contact:
Warwick Bryan
Executive General Manager, Investor Relations
Ph: (02) 9378 5979
Mobile: 0406 316 725


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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