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The Commonwealth Bank of Australia was established by the Commonwealth Bank Act 1911, introduced by the Andrew Fisher Labor government, which favoured bank nationalisation, with effect on 22 December 1911. [10] [11] In a rare move for the time, the bank was to have both savings and general bank business. The bank was also the first bank in ...
The image of the building itself became familiar to many people across Australia during the 20th century through its use on money boxes issued by the Commonwealth Bank to children starting from 1922. The money boxes were rectangular shape, roughly reflecting the dimensions of the bank building, and printed with the building's exterior.
It is also known as The Government Savings Bank of New South Wales, Commonwealth Bank building (former), and CBA Building. After several decades of use by the Commonwealth Bank of Australia , including as its headquarters from 1984, it was purchased by financial services company Macquarie Group in 2012, refurbished, and now serves as Macquarie ...
The Commonwealth Bank of Australia was established by legislation in 1911. The main functions of the bank were to undertake general banking and savings bank activities. In 1945 the bank's powers were formally widened to include exchange control and the administration of monetary and banking policy with the Commonwealth Bank Act and the Banking Act.
Branches in Collins Street, Melbourne and George Street, Sydney opened in July 1853, the latter occupying the former premises of the defunct Bank of Australia, with a Geelong branch following in October 1853. [7] [8] [9] A succession of branches in regional mining centres followed in 1855-56, with Ballarat, Beechworth and Dunolly among them ...
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
Commercial Bank of Australia. The Commercial Bank of Australia Limited (CBA) was an Australian and New Zealand retail bank which operated from 1866 until being amalgamated with the Bank of New South Wales, that was established in 1817, to form the Westpac Banking Corporation in 1982.
343 George Street, Sydney is a heritage-listed former bank building and now nine-storey retail and commercial premises. It is located at 343 George Street in the Sydney central business district , in the City of Sydney local government area of New South Wales , Australia.