1 Pound

The Bank of Australasia was a London-incorporated colonial bank, chartered in 1835, that operated branches across Australia and New Zealand for well over a century before merging with the Union Bank of Australia in 1951 to form ANZ. This pound note dates from the final years of that independent operation, issued after Australia's federation but before the Commonwealth Bank began crowding out private note issue — a process that ended private banknote circulation entirely by 1910 under the Australian Notes Act.

That timing makes this note something of a terminus piece. The Act passed in October 1910, imposing a prohibitive tax on private bank notes, effectively killing the practice overnight. Any note assigned ND (1910) sits right at that cutoff.