Topic summary
Australian Treasury
Extracted from the Wikipedia article Treasury (Australia).
History
The Australian Treasury was established in Melbourne in January 1901, after the federation of the six Australian colonies. In 1910, the federal government passed the Australian Notes Act 1910 which gave control over the issue of Australian bank notes to The Treasury and prohibited the circulation of state notes and withdrew their status as legal tender. The Treasury issued notes until 1924, when the responsibility was transferred to the Commonwealth Bank and later to Note Printing Australia, a subsidiary of the Reserve Bank of Australia.