The Reserve Bank of Australia presented the federal government with two options for the re-design of Australia's $5 note.
Mr Lowe wrote that an updated fiver was of "national significance" and asked the government to weigh in on whether to proceed with a portrait of King Charles or an Indigenous design."lf the Government is of the view that the King's portrait should be on the $5 banknote, then the Bank will proceed on that basis and seek an appropriate image from the Palace," Mr Lowe wrote.
The FOI documents show Mr Chalmers responded to Mr Lowe in December, with the treasurer saying the government "would be comfortable" with the second option.
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