5 Pounds

The Bank of Australasia was a British-chartered institution headquartered in London, operating branches across Australia and New Zealand from 1835 until its 1951 merger with the Union Bank of Australia to form ANZ. Notes of this period were issued under colonial and then Commonwealth conditions — Australia's own central bank, the Commonwealth Bank, had only just begun operations in 1911, leaving private banks still in the business of note issue for a transitional window.

Surviving examples of P#A82 are genuinely rare. The 1910 period sits at the tail end of private bank note circulation in Australia, and many notes were surrendered during the Commonwealth's gradual assumption of the note-issuing monopoly, which became absolute in 1910 under the Australian Notes Act — meaning this note was issued right at the legislative cutoff.