Timeline of Australian Money By Vincent.Sieu Period: Jan 1, 1901 to Dec 31, 2001 Timeline of Australian Money Jan 1, 1905 Private bank notes continued to circulate as a paper currency. Jan 1, 1913 The first Australian currency note (10 shillings) is issued. Jan 1, 1923 The 'Harrison series' of currency notes is issued. Jan 1, 1933 The 'Ash series' of notes is issued, named after John Ash. Jan 1, 1960 The Reserve Bank of Australia (RBA) is established. Jan 1, 1966 The first series of decimal notes is issued. Jan 1, 1973 A $50 decimal currency note is issued. Jan 1, 1974 The Bankcard (credit card) system is introduced. Jan 1, 1992 -1996 The first of a complete series of Polymer Notes Jan 1, 2001 A special Federation $5 polymer note is issued.