New Banknote Series

Does the new $50 banknote have a spelling mistake?

The new $50 banknotes contain a spelling error in the microprinted excerpt of Edith Cowan's maiden parliamentary speech. The error is being corrected as part of the next print run.

Does the spelling error on the new $50 banknote affect its legal tender status? Will the banknotes be withdrawn?

These banknotes are legal tender and can continue to be used as normal. It does not affect their validity and functionality in any way. They will not be withdrawn from circulation.

When will you fix the spelling error?

The spelling error will be corrected for the second print run, which is scheduled for the middle of 2019.

Will the first polymer series banknotes still be accepted?

All existing polymer banknotes can continue to be used. During the transition period, banknotes from both series will be in circulation for a number of years.

Where can I get the new banknotes?

The new banknotes have been made available to commercial banks to issue to the public. Standard uncirculated banknotes are available over-the-counter at face value at our Sydney Head Office (65 Martin Place) and Canberra branch (20-22 London Circuit). Please note, limits do apply. The Reserve Bank has also produced two commemorative products. Further information is available on the Collecting Banknotes page.

What does the new tactile feature look like?

The tactile feature is made up of raised bumps, which will vary in number on each denomination. The $5 has one bump on each of the long edges of the banknote next to the top-to-bottom window. The $10 has two bumps on each of the long edges, the $20 banknote will have three bumps, the $50 banknote has four bumps and the $100 banknote will have five bumps. The location of the bumps means that they always appear slightly left of centre on the top edge regardless of which way it has been placed in a wallet or purse. Further information is available on the Accessibility Features page of our website.

What does the new $20 banknote look like?

A number of key design features – the colour palette, sizes and people portrayed – have been retained on the new $20, however, other design changes have been required to accommodate the new security features. The new $20 banknote features the Acacia Buxifolia wattle and the Laughing Kookaburra (Dacelo novaeguineae). Further information can be found on the Banknote Features page of our website.

When will the other denominations be in circulation?

The Bank aims to issue roughly one denomination per year. The $20 banknote will be released into circulation in 2019, followed by the $100 in 2020.

Why was the $50 Banknote released before the $20?

The focus of the Next Generation Banknote Program is to increase the security of Australia’s banknotes. The timing of the release of the $50 banknote in relation to the other denominations is because the $50 accounts for the largest volume of any denomination in circulation and is the most commonly counterfeited denomination.