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In the first decade after Federation, private bank notes continued to circulate as a paper currency.
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The Basic Wage is introduced (at £2/2/-).
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The Australian Notes Act 1910 is passed vesting authority to issue Australian notes in the Treasury. As an interim measure the Government overprints private bank notes with the words 'Australian Note'.
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The first Australian currency note (10 shillings) is issued. Other denominations follow. The notes reflect the dependence of the Australian economy on rural and mining industries.
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The Commonwealth Bank takes over the distribution of currency notes from the private banks and organises the first Australian war loan.
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The 'Harrison series' of currency notes is issued (named after Thomas S Harrison, the Australian Note Printer).
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Australia joins the International Monetary Fund (IMF).
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Australia converts from pounds, shillings and pence to decimal currency.The first series of decimal notes is issued. The new notes capture the emerging diversity of Australian society including its literature.
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Australia breaks the fixed link of the $A to the $US.
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A $50 decimal currency note is issued.
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The Bankcard (credit card) system is introduced.
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Automatic Teller Machines (ATMs) are introduced.
