On Monday (17 March) the Reserve Bank of Australia (RBA) announced that the theme for the reimagined $5 banknote should “honour the enduring emotional, spiritual and physical connection of First Nations peoples to Country”.
In a formal statement, the RBA described its reasoning for this theme’s selection: “An important context for this connection is the overturning of the concept of terra nullius. This action recognised the existence of Aboriginal and Torres Strait Islander people’s relationship to Country for thousands of years.”