Dating australian one dollar notes
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A new Note Issue Department under the control of a Notes Board was created for this purpose. As stated above, Australian notes originally issued were payable in gold coin on demand at the Commonwealth Treasury at the Seat of Government.
In 1924 a Commonwealth Bank Board was established and control of the Note Issue passed from the Notes Board to the new Bank Board. Control of the note issue passed to the new Reserve Bank When the control of the Australian Note Issue was transferred to the Note Issue Department of the Commonwealth Bank, it was provided that the notes should bear the promise of the Treasurer to redeem the notes in gold coin on demand at the Head Office of the Commonwealth Bank.