CUSIP No. 013810150		13G		Page 2 of 7 pages

CUSIP No. 013810150		13G		Page 3 of 7 pages

Item 1.(a) Name of Issuer

James Hardie Industries NV

Item 1.(b) Address of Issuer’s Principal Executive Offices

		Level 8,
		Atrium, Unit 04-07
		Strawinskylaan 3077
		Amsterdam, 1077 ZX
		Netherlands

Item 2.(a) Name of Persons Filing

Commonwealth Bank of Australia

Item 2.(b) Address of Principal Business Office or, if none, Residence

48 Martin Place, Level 2, Sydney NSW 2000, Australia

Item 2.(c) Citizenship

Australia

Item 2.(d) Title of Class of Securities

Common Stock, No Par.

Item 2.(e) CUSIP Number

013810150

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

N/A

CUSIP No. 013810150		13G		Page 4 of 7 pages

Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class class of securities of the issuer identified in Item 1.

	(a)		Amount beneficially owned:
			28,643,959
	(b)		Percent of class:
			6.12%
	(c)		Number of shares as to which the person has:

	(i)		Sole power to vote or to direct the vote :
			0
	(ii)		Shared power to vote or to direct the vote:
			28,643,959
	(iii)		Sole power to dispose or to direct the disposition of :
			0
	(iv)		Shared power to dispose or to direct the disposition of :
			28,643,959

		The information contained in Items 5-11 of the cover page is incorporated herein by reference. The reporting person (“CBA”) may be deemed to beneficially own 28,643,959 shares of Common Stock of James Hardie Industries NV (“JHX”) as a result of the aggregate holdings of certain of its wholly owned subsidiaries. The shares of JHX are traded on the Australian Stock Exchange (the “ASX”). The shares were acquired on the ASX by Colonial First State Investment Group Limited (“Colonial First State”), CommSec Trading Limited, all of which are wholly owned subsidiaries of CBA (collectively, the “CBA Subsidiaries”). The CBA Subsidiaries hold the shares for clients who have shared voting and dispositive power with the CBA Subsidiaries over the shares.
		Additionally, Colonial First State Investments Limited, as the responsible entity under Australian law of the “First Choice” funds, had outsourced, to external managers unrelated to CBA, certain voting and dispositive functions over securities acquired by these external managers and held in these funds, including James Hardie Industries NV. Under these outsourcing arrangements, external mangers unrelated to CBA have acquired 6,625,936 of JHX, on behalf of Colonial First State.

CUSIP No. 013810150		13G		Page 5 of 7 pages

Additionally, Avanteos Investments Limited, a subsidiary of the CBA, as the responsible entity of the Symetry Personal Retirement Fund, had outsourced, to external managers unrelated to CBA, certain voting and dispositive functions over securities acquired by these external managers and held in the above Fund, including James Hardie Industries NV. Under these outsourcing arrangements, these managers have acquired 940 of JHX, on behalf of Avanteos Investments Limited.

Item 5. Ownership of Five Percent or Less of a Class

N/A

Item 6. Ownership of More than Five Percent on Behalf of Another Person

Clients of the CBA Fund Managers have the ultimate right to receive any dividends from the common stock beneficially owned by the Reporting Person and the proceeds from the sale of such securities.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

See Exhibit A.

Item 8. Identification and Classification of Members of the Group

N/A

Item 9. Notice of Dissolution of Group

Item 10. Certification

     By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

CUSIP No. 013810150		13G		Page 6 of 7 pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

September 28, 2007		COMMONWEALTH BANK OF AUSTRALIA
		By:		/s/ John Damien Hatton
		Name:		John Damien Hatton
		Title:		Company Secretary
		COLONIAL FIRST STATE INVESTMENTS LIMITED
		By:		/s/ John Paull
		Name:		John Paull
		Title:		Head of Operations