Dec 14 (Reuters) - Commonwealth Bank Of Australia CBA.AX :
* PROPOSED NZ CHANGES TO TAXATION OF HYBRID SECURITIES
* CONFIRMS THAT LEGISLATION AS CURRENTLY PROPOSED WILL NOT IMPACT DISTRIBUTIONS PAID ON COMMBANK PERLS SECURITIES
* DOES NOT EXPECT THAT IMPLEMENTATION OF CHANGES AS CURRENTLY PROPOSED WOULD RESULT IN CO SEEKING TO REDEEM PERLS IX