Designed by the firm of Hall and Devereux, it was erected by FJ Corbett & Sons for approximately £124,000.

It was an example of the pervasive fashion for the neo-classical style in commercial and civic buildings of similar scale and materials during this period.

33 Queen Street remained the headquarters of the Bank of New South Wales until a new chief office was built in 1970.

[1] In April 2013 the building was sold for $34 million to Abacus Property Group and is no longer used as a bank.

[1] The main facades comprise Helidon freestone as a stone facing on a base of Uralla polished granite, that on Queen Street incorporating a "piano nobile" of giant order Ionic columns.

Giant order square columns rise from the ground floor through the mezzanine level with gilded corinthian capitals.

[1] The Bank of New South Wales Building was listed on the Queensland Heritage Register on 21 October 1992 having satisfied the following criteria.

The building is significant as the predominantly intact 1920s interior of the ground floor banking chamber represents a rare aspect of Queensland's cultural heritage.

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