Dentime, I think you will find that the Commonwealth Bank didn't...

Dentime, I think you will find that the Commonwealth Bank didn't actually increase the number of shares they hold, although that is how it appears, due to the way they are now accounting for holdings under their control.

The Commonwealth Bank has decided to lodge substantial shareholder notices for all shares under its indirect control (i.e. they are including shares in master trusts run by the Commonwealth) as opposed to previously where they only counted shares owned by Commonwealth managed funds. This gives the impression that the Commonwealth has bought more shares although they haven't. I believe the ASX is looking into the way trustees are reporting holdings as it is not giving a clear picture of substantial holdings.