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Notes to the consolidated financial statements (continued)

34. Parent entity and subsidiaries 34.1. Ultimate parent entity

The Company’s parent entity is SBGH Limited with the ultimate parent entity of the wholly-owned group being Suncorp Group Limited.

Refer note 5 in relation to changes in the composition of the Group.

34.2. Significant subsidiaries of Suncorp-Metway Ltd

Subsidiaries

Class of shares

Country of incorporation

Equity holdings 2011 2010

% %

Banking entities

APOLLO Series Trusts (various) 4 Units Australia 100 100 Graham & Company Limited Ordinary Australia 100 100 Polaris Data Centre Unit Trust Units Australia 100 100 SME Management Pty Limited Ordinary Australia 100 100 Suncorp Metway Advances Corporation Pty Ltd Ordinary Australia 100 100 Suncorp Property Development Equity Fund #2 Unit Trust Units Australia 100 100 Taurus Trade Finance Pty Ltd Ordinary Australia 100 -

Subsidiaries disposed of as of 7 th January 2011:

Corporate entities

Suncorp Staff Pty Ltd (formerly Suncorp Metway Staff Pty Ltd) 3,5 Ordinary Australia - 100 Suncorp Corporate Services Pty Ltd 3 Ordinary Australia - 100 Suncorp Group Executive Performance Share Plan Trust (formally Suncorp

Metway Executive Performance Share Plan Trust) 3,12 Units Australia - 100

General Insurance entities

Suncorp Insurance Holdings Limited and its subsidiaries Ordinary Australia - 100 Suncorp Insurance Services Limited 5,6 (formerly Promgroup Limited) and

its subsidiaries Ordinary Australia - 100 Suncorp Group Holdings Pty Ltd and its subsidiaries Ordinary Australia - 100 Suncorp Group Holdings (NZ) Limited and its subsidiaries Ordinary New Zealand - 100 Vero Insurance New Zealand Limited and its subsidiaries Ordinary New Zealand - 100 Vero Insurance Limited and its subsidiaries Ordinary Australia - 100 Australian Alliance Insurance Company Limited and its subsidiaries Ordinary Australia - 100 Australian Associated Motor Insurers Limited and its subsidiaries Ordinary Australia - 100 Australian Surety Corporation Pty Limited and its subsidiary Ordinary Australia - 50.5 GIO Insurance Investment Holdings A Pty Limited Ordinary Australia - 100 Promequity Limited 6 Ordinary Australia - 100 Suncorp Insurance Funding 2007 Limited Ordinary Australia - 100 Suncorp Metway Insurance Ltd and its subsidiaries Ordinary Australia - 100 GIO General Limited and its subsidiaries Ordinary Australia - 100 Suncorp Property Development Equity Fund Units Australia - 100 The Park Road Property Trust 7 Units Australia - 87 Terri Scheer Insurance Pty Ltd Ordinary Australia - 100

Life entities

Suncorp Life Holdings Limited (formerly Asteron Group Limited) 5 and its

subsidiaries Ordinary Australia - 100 Asteron Life Limited and its subsidiaries Ordinary Australia - 100 Tyndall Australian Bond Fund Units Australia - 87 Tyndall Australian Core Share Fund Units Australia - 100 Tyndall Australian Share Income Fund Units Australia - 64 Tyndall Cash Fund 11 Units Australia - 98 Tyndall Diversified Bond Fund Units Australia - 99