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It formerly was the central bank of Australia and government run, until the independent RBA was established and took responsibility of the central bank. Following that the Commonwealth bank was privatised.

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βˆ™ 11y ago
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Q: Is commonwealth bank of Australia private or government bank?
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Did the Australian One Dollar note always have the Commonwealth of Australia on it?

All Australian bank notes had "COMMONWEALTH OF AUSTRALIA" on them until 1972. Following a change of government in November 1972, the words "COMMONWEALTH OF AUSTRALIA" were replaced with "AUSTRALIA".


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The Commonwealth Bank of Australia, more commonly known as the Commonwealth Bank, was founded in 1911 in Australia. It operates across New Zealand, Fiji, Asia, the US and the UK.


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No the Commonwealth Bank if on open on Saturdays in Australia. (today).


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The Commonwealth Bank offers many different services. Some services that the Commonwealth Bank offers include retail banking, insurance, and investment.


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There is no BPI bank here in Australia, but you can make Depsits through Commonwealth Bank branches.


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062-021 Commonwealth Bank of Australia Market & Castlereagh Streets Sydney NSW St James


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