$ banknote On a completely different matter, earlier this month, we announced that the Reserve Bank Board had decided to update the Australian $ banknote to feature a new design that honours the history and culture of the First Australians. This new design will replace the portrait of the late Queen Elizabeth II.
The other side of the note will continue to feature the Australian Parliament building and its forecourt. Given the national significance of the issue, the Board decided to consult the Australian Government before it made a decision. In response, the government indicated its support for a design that honoured the First Australians.