Queensland Government Savings Bank

Add links
Source: Wikipedia, the free encyclopedia.

Family Services Building, formerly the Brisbane office of the Queensland Government Savings Bank, 2015

The Queensland Government Savings Bank was a bank in Queensland, Australia. It was operated by the Queensland Government. It was also known as the Government Savings Bank of Queensland.

History

Poster advertising the bank

The Queensland Government Savings Bank was established by one of the earliest pieces of legislation enacted by the government of the new colony of Queensland in 1861. Intended to encourage small deposit saving by working people, savings banks could be established by the gazettal of an application by ten or more house or landholders in any community of more than 500 people. In 1864, the Government Savings Bank Bill provided a government guarantee to protect trustees and deposits and to allow depositors to easily transfer accounts from one town to another.[1]

Over time it absorbed the:[2]

  • Moreton Bay Savings Bank (1856-1865)
  • Ipswich Savings Bank (1861-1866)
  • Toowoomba Savings Bank (1862-1867)

The

Victoria. The Queensland branch was opened on 16 September 1912. Post offices were used as agencies throughout the country as they had been transferred to Commonwealth control after Federation. The Queensland Government Savings Bank merged with the Commonwealth Bank of Australia, transferring the business and assets on 8 December 1920 .[1]

Notable buildings

Notable buildings occupied by the bank include:

References

  1. ^ a b c "Commonwealth Bank (former) (entry 600746)". Queensland Heritage Register. Queensland Heritage Council. Retrieved 1 August 2014.
  2. Commonwealth Bank of Australia
    . Retrieved 11 May 2017.

Attribution

State of Queensland under CC-BY 3.0 AU licence (accessed on 5 September 2014, archived
on 15 October 2014).

Retrieved from "https://en.wikipedia.org/w/index.php?title=Queensland_Government_Savings_Bank&oldid=1161546783"