After the death of their elder brother Frederick the Fair in 1330, the surviving sons Albert II and Otto the Merry became joint rulers of all Habsburg dominions in Austria and Styria.

After the demolition of Rapperswil Castle by the forces of Rudolf Brun in 1350, the Austrian duke marched against the Swiss Confederacy and laid siege to the city of Zürich, though to no avail.

Adopted as part of the Pragmatic Sanction in 1713, the Albertinian House Rule effectively remained one of the basic laws of Austria until 1918.

In 1782 the Gaming Charterhouse was secularized by Joseph II, Holy Roman Emperor; at that time Albert's remains were transferred to the local parish church.

[2] According to his House Rule, Albert was succeeded by his eldest son Rudolf IV whose younger brothers acted as regents.