Commonwealth Bank of Australia (central banking functions)

E69902

The Commonwealth Bank of Australia (central banking functions) was the government-owned institution that performed Australia’s central banking and monetary policy roles before these responsibilities were transferred to the Reserve Bank of Australia in 1960.

AI illustration

How this image was made

AI-generated illustration of Commonwealth Bank of Australia (central banking functions)

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Commonwealth Bank of Australia (central banking functions) (The Commonwealth Bank of Australia (central banking functions) was the government-owned institution that performed Australia’s central banking and monetary policy roles before these responsibilities were transferred to the Reserve Bank of Australia in 1960.)

All labels observed (3)

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf central bank ⓘ
government-owned financial institution ⓘ
alsoKnownAs Commonwealth Bank (central banking functions) ⓘ
centralBankingPowersConferredBy Commonwealth Bank Act 1924 ⓘ
centralBankOf Australia ⓘ
country Australia ⓘ
dateOfTransferOfFunctions 1960 ⓘ
distinctFrom Commonwealth Bank of Australia (commercial banking operations) ⓘ
endTime 1960 ⓘ
establishedBy Commonwealth Bank Act 1911 ⓘ
functionTransferredTo Reserve Bank of Australia ⓘ
governedBy Commonwealth Bank Board ⓘ
hadRoleDuring Great Depression ⓘ
Second World War ⓘ
linked to: World War II
headquartersLocation Australia ⓘ
New South Wales ⓘ
Sydney ⓘ
historicalStatus defunct central banking authority ⓘ
issuerOf Australian pound banknotes ⓘ
linked to: Australian pound

Australian pound currency ⓘ
linked to: Australian pound
legalForm statutory authority ⓘ
monetaryAuthorityOf Australia ⓘ
operatedInJurisdiction Commonwealth of Australia ⓘ
ownedBy Commonwealth of Australia ⓘ
Government of Australia ⓘ
partOf Commonwealth Bank of Australia ⓘ
performedFunction banker to other banks ⓘ
banker to the government ⓘ
central banking ⓘ
exchange rate operations ⓘ
financial system oversight ⓘ
management of foreign reserves ⓘ
monetary policy implementation ⓘ
note issue ⓘ
public debt management ⓘ
predecessor Australian Notes Board ⓘ
reasonForCessation creation of a separate Reserve Bank of Australia ⓘ
regulatorOf Australian banking system ⓘ
replacedBy Reserve Bank of Australia ⓘ
sector public sector ⓘ
startTime 1924 ⓘ
supersededBy Reserve Bank Act 1959 ⓘ
supervisedBy Treasurer of Australia ⓘ
timePeriod interwar period ⓘ
post-war period up to 1960 ⓘ
typeOfMonetaryRegime managed currency system ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Reserve Bank of Australia → predecessor → Commonwealth Bank of Australia (central banking functions) ⓘ
Commonwealth Bank of Australia (central banking functions) → alsoKnownAs → Commonwealth Bank (central banking functions) ⓘ
linked to: Commonwealth Bank of Australia (central banking functions)
Commonwealth Bank Board → governed → Commonwealth Bank of Australia during its role as Australia’s central bank ⓘ
linked to: Commonwealth Bank of Australia (central banking functions)