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The Commonwealth Bank's new Head Office in Sydney is opened.
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In the first decade after Federation, private bank notes continued to circulate as a paper currency.
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A site for the national capital is chosen, later to be called 'Canberra'.
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The Australian Notes Act 1910 is passed vesting authority to issue Australian notes in the Treasury.
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The first Australian currency note (10 shillings) is issued. Other denominations follow. The notes reflect the dependence of the Australian economy on rural and mining industries.
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The Commonwealth Bank takes over the distribution of currency notes from the private banks and organises the first Australian war loan.
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The first flight takes place between England and Australia.
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The authority to issue currency notes is transferred from Treasury to the Australian Notes Board.
