Starting from 1974, the title on the new notes only read "Australia" and the legal tender phrase was also changed from "Legal Tender throughout the Commonwealth of Australia and the territories of the Commonwealth" to "This Australian Note is legal tender throughout Australia and its territories".
1974 -ig a "Commonwealth of Australia" és a "Legal Tender throughout the Commonwealth of Australia and the territories of the Commonwealth" feliratok szerepeltek a bankókon, ekkortól viszont az "Australia" és a máig használatos "This Australian Note is legal tender throughout Australia and its territories" szöveg került rájuk.