IN THE FEDERAL COURT OF AUSTRALIA  )

                                   )

NEW SOUTH WALES DISTRICT REGISTRY  )

                                   )

GENERAL DIVISION                   )

                ON APPEAL FROM A SINGLE JUDGE

              OF THE FEDERAL COURT OF AUSTRALIA

Matter No NG820 of 1994

              BETWEEN:      COMMISSIONER OF TAXATION

                                  Appellant

                  AND:      BANK OF WESTERN AUSTRALIA LIMITED

                                  Respondent

Matter No NG821 of 1994

              BETWEEN:      COMMISSIONER OF TAXATION

                                  Appellant

                  AND:      STATE BANK OF NEW SOUTH WALES LIMITED

                                  Respondent

CORAM:    WILCOX, HILL & DRUMMOND JJ

PLACE:    SYDNEY

DATED:    15 DECEMBER 1995

                         CORRIGENDUM

PAGE 49 OF THE REASONS OF HILL J:

Third paragraph, fourth sentence should read:

          "In my view it is the lack of ability of each bank to exercise authority or command which leads to the conclusion that it is not an authority [replacing `a bank'] in the normal sense of the expression."

Sandy Dawson

Associate to Justice Hill

31 January 1996