Notes Board
1920 – 1924
Board that controlled the issue of Australian notes and the investment of the note issue reserve, with the issue itself administered by the Commonwealth Bank's Note Issue Department.
How it came into existence
Created by the Commonwealth Bank Act 1920, which transferred control of the Australian note issue from the Treasury, which had issued notes under the Australian Notes Act 1910, to a Notes Board that included the Governor of the Commonwealth Bank.
- Australian note issue
Legislation: Commonwealth Bank Act 1920
How it ended
Abolished in 1924 by the Commonwealth Bank Act 1924, which gave control of the note issue to the new Commonwealth Bank Board.
- Control of the Australian note issue
Main functions
- Control of the Australian note issue
- Investment of the note issue reserve
- Oversight of note printing and distribution
Where it sits
Last in the portfolio of Department of the Treasury.
Lineage
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Sources
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.