← All Authorities
Australia section 92acquisition on just termscommonwealth power

Bank Nationalisation Case

Bank of New South Wales v Commonwealth (1948) 76 CLR 1; [1948] HCA 7
JurisdictionAustralia
CourtHigh Court of Australia
Year1948
StatusBinding authority

Key Principle

Legislation effecting compulsory nationalisation of the private banking industry was invalid: it infringed the s 92 constitutional guarantee of freedom of interstate trade and commerce (on the then-prevailing 'individual rights' interpretation) and effected an acquisition of property otherwise than on just terms contrary to s 51(xxxi).

Area of Law

High Court of Australia

Related Cases

Northern Territory v Mr Griffiths and Lorraine Jones [2019] HCA 7
Akiba v Commonwealth Akiba on behalf of the Torres Strait Regional Seas Claim Group v Commonwealth [2013] HCA 33; (2013) 250 CLR 209
R v Carroll (2002) 213 CLR 635

Ask CommonBench about this case

Get a detailed analysis of Bank Nationalisation Case and how it applies to your situation.

Explain Bank Nationalisation Case