Type of entity
Legal Status Text
Authorized form of name
Other form(s) of name
Dates of existence
In 1916, the Agricultural Bank of Western Australia amalgamated with the Industry Assistance Board to form the Rural & Industries Bank of Western Australia. This amalgamation was done under the Rural & Industries Bank of Western Australia Act 1916.
After the amalgamation, the Rural & Industries Bank moved from being a small mortgage bank for agriculture to a State trading bank.
Following the passing of new legislation in 1945 (the Rural & Industries Bank Act 1944), the bank was involved in a number of schemes for the allocation of money to assist the State. These included the:
A: Commonwealth Reestablishment Scheme (CRE);
B: War Service Land Settlement (WSLS);
C: Esperance Plains Development Scheme (EPDS);
D: Dairy Farm Consolidation Plan (DFCP);
E: Hay Balers & Forage Harvesters (HBFH);
F: Farm Water Supply (FWS);
G: Farm Management Advisory Service (FMAS).
As part of privatisation processes, the name of the bank was changed to BankWest in May 1994. Full privatisation of the bank occurred on 1 March 1996.
(References: Lockyer, S., "The Development of the R & I Bank for its Inception to the Present Day", R & I Bank, 1970; Spillman, K., "A History of the R & I Bank of WA", UWA Press, 1989; Taylor, G., "The Agricultural Bank & The Industries Assistance Board", Macmillan & Co. Ltd., 1921.)
Functions, occupations and activities
Mandates/sources of authority
Abolition: Name changed to BankWest in May 1994; full privatisation on 1 March 1996