Commonwealth Bank Act 1911
E94361
The Commonwealth Bank Act 1911 was Australian federal legislation that established the Commonwealth Bank, laying the foundation for a national banking system and later central banking functions in Australia.
Statements (30)
| Predicate | Object |
|---|---|
| instanceOf |
Australian federal statute
ⓘ
banking legislation ⓘ |
| bankOwnershipModel | state-owned bank ⓘ |
| country | Australia ⓘ |
| createdEntity | Commonwealth Bank of Australia ⓘ |
| enactedBy | Parliament of Australia ⓘ |
| established | Commonwealth Bank of Australia ⓘ |
| governmentOwnerOfBank | Commonwealth of Australia ⓘ |
| historicalSignificance |
laid the foundation for a national banking system in Australia
ⓘ
precursor to central banking functions in Australia ⓘ |
| inForceStatus | subsequently amended and superseded ⓘ |
| inspiredBy | policies of Australian Labor Party on public banking ⓘ |
| introducedBy | Andrew Fisher government ⓘ |
| jurisdiction | Commonwealth of Australia ⓘ |
| language | English ⓘ |
| laterRoleOfBank | central banking functions in Australia ⓘ |
| legalForm | Act of Parliament ⓘ |
| legislativeBody | Parliament of Australia ⓘ |
| politicalContext | enacted under a Labor government ⓘ |
| providedFor | functions of the Commonwealth Bank of Australia ⓘ |
| purpose |
to create a national banking institution in Australia
ⓘ
to establish the Commonwealth Bank of Australia ⓘ |
| region | Australia ⓘ |
| relatedInstitution | Reserve Bank of Australia ⓘ |
| royalAssentDate | 1911 ⓘ |
| sector | financial services ⓘ |
| subjectMatter |
banking regulation
ⓘ
establishment of a government-owned bank ⓘ |
| typeOfBankEstablished | commercial bank ⓘ |
| yearOfEnactment | 1911 ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
Commonwealth Bank of Australia (central banking functions)
→
establishedBy
→
Commonwealth Bank Act 1911
ⓘ