Commonwealth Bank of Australia

1. Commonwealth Bank of Australia1911–1960
2. Reserve Bank of Australia1960–present

Created by the Commonwealth Bank Act 1911, assented to on 22 December 1911, under a Governor, Denison Miller. Its savings bank business opened on 15 July 1912 and general banking on 20 January 1913.

Legislation: Commonwealth Bank Act 1911

1. 1924The Commonwealth Bank Act 1924 placed the Bank under a Commonwealth Bank Board, which also took control of the note issue.
2. 1945The Commonwealth Bank Act 1945 and the Banking Act 1945 formalised the Bank's central banking powers and replaced the Board with control by the Governor.
3. 1951The Commonwealth Bank Act 1951 restored a governing board.

On 14 January 1960 the Reserve Bank Act 1959 continued the original body corporate as the Reserve Bank of Australia, while control of the Commonwealth Trading Bank and the Commonwealth Savings Bank passed to the new Commonwealth Banking Corporation and the Bank's Mortgage Bank and Industrial Finance departments became the Commonwealth Development Bank.

• Savings banking
• General (trading) banking
• Banker to the Commonwealth Government
• Control of the Australian note issue (from 1924)
• Central banking and exchange control
• Rural and industrial finance

Last in the portfolio of Department of the Treasury.

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Some dates or links for this organisation are not fully confirmed. Corrections are welcome.