Australia's new $10 note is almost here

10 note
The old $10 note, pictured, will be phased out over time.

First it was the fiver and now Australia is set to get a brand new $10 note.

Just like it’s predecessor, the updated $10 note will have plenty of security measures to keep fraudsters at bay and will features a host of Australiana references.

The Reserve Bank of Australia has created an interactive map of the note on its website, explaining the intricate details of each layer.

The brightly coloured note features Banjo Paterson and Dame Mary Gilmore, as did the original, as well as a vibrant wattle flower, a cockatoo and a wild horseman.

Mary Gilmore appears on one side of the note. Image: Reserve Bank of Australia.

Reserve Bank governor Philip Lowe said note will go into general circulation from 20 September.

An updated Banjo Paterson appears on the new note. Image: Reserve Bank of Australia.

‘The new notes contain the same world-leading security benefits as the $5 note, including a clear top-to-bottom window, and a tactile feature so that it can be recognised by vision-impaired members of the community,” he said in his opening statement to the House of Representatives Standing Committee on Economics, reports News Corp.

Ad. Article continues below.

Read more: How to spot a fake bank note every time

The Reserve Bank says it released early images of the bank notes to allow people to familiarise themselves.

Some of the new features include:

  • A rolling colour effect when you tilt the banknote.
  • Multiple security features in the clear top-to-bottom window.
  • An image of the nib of a pen to represent Gilmore and Paterson’s works as writers.
  • A flying cockatoo that will move its wings and change colour when the note is titled.
  • A sulphur-crested cockatoo
  • A reversing number 10, which changes within the homestead on the note.

New versions of the $20 and $50 are expected to roll out in the coming years.

What do you think of the new design?

Important information: The information provided on this website is of a general nature and for information purposes only. It does not take into account your objectives, financial situation or needs. It is not financial product advice and must not be relied upon as such. Before making any financial decision you should determine whether the information is appropriate in terms of your particular circumstances and seek advice from an independent licensed financial services professional.