Bank Of Australasia Headquarters
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Bank Of Australasia Headquarters
The former Bank of Australasia Headquarters is an historic bank headquarters in Renaissance Revival style located on the corner of Queen Street and Collins Street, the traditional heart of Melbourne's financial precinct, with 19th Century banks on three corners. The design is an amalgam of two periods, the first two floors built in 1875-6 designed by noted architects Reed & Barnes, with the top three floors added in matching style along with a new chamber in 1929–31, designed by A&K Henderson. The Bank of Australasia merged with the Union Bank of Australia to form the Australia and New Zealand Banking Group in 1951, and the new bank sold the building in 1974. Since 2013 it has been a rental apartment building known as Treasury on Collins. It was amongst the first buildings listed on the Victorian Heritage Register on 9 October 1974, and later on the Register of the National Estate in 1983. Design The history of this building is dominated by the fact that it was design ...
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Bank Of Australasia Collins Street
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Register Of The National Estate
The Register of the National Estate was a heritage register that listed natural and cultural heritage places in Australia that was closed in 2007. Phasing out began in 2003, when the Australian National Heritage List and the Commonwealth Heritage List were created and by 2007 the Register had been replaced by these and various state and territory heritage registers. Places listed on the Register remain in a non-statutory archive and are still able to be viewed via the National Heritage Database. History The register was initially compiled between 1976 and 2003 by the Australian Heritage Commission, after which the register was maintained by the Australian Heritage Council. 13,000 places were listed. The expression "national estate" was first used by the British architect Clough Williams-Ellis, and reached Australia in the 1970s.Heritage of Australia, pp. 9–13 It was incorporated into the ''Australian Heritage Commission Act 1975'' and was used to describe a collection o ...
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