The former Bank of Australasia was listed on the
Queensland Heritage Register on 21 October 1992 having satisfied the following criteria. '''The place is important in demonstrating the evolution or pattern of Queensland's history.''' Built in 1878, the place is important in demonstrating the evolution of banking services in major towns and demonstrates the principal characteristics of a 19th-century bank with attached residence.
The place is important in demonstrating the principal characteristics of a particular class of cultural places. Built in 1878, the place is important in demonstrating the evolution of banking services in major towns and demonstrates the principal characteristics of a 19th-century bank with attached residence. It is associated with the work of Melbourne architects Reed and Barnes as a variant of a standard bank design adapted slightly for the Queensland climate.
The place is important because of its aesthetic significance. It exhibits aesthetic characteristics valued by the community as a finely detailed and executed example of a revival classic commercial building. It is an important element in a group of civic buildings and makes an important contribution to the streetscape. '''The place has a special association with the life or work of a particular person, group or organisation of importance in Queensland's history.''' It is associated with the work of the
School of Arts and Ipswich City Council in providing library services. == References ==