10 Pounds

The Union Bank of Australia was absorbed into the ANZ group in 1951, but by 1910 it was still one of the dominant private trading banks issuing its own notes across the Australian colonies-turned-federation. Private bank issuance continued legally in Australia until the Commonwealth Bank Act of 1910 effectively began dismantling that system — making notes from this period among the last examples of competitive private currency issue in Australian history.

The Pick A132 designation places this firmly in the pre-Commonwealth note-issuing regime. High-denomination private bank notes from this transitional period rarely survived circulation; most were presented for redemption rather than retained.