[2] On Saturday 16 March 1935, the Victorian Premier, Stanley Argyle, officially dedicated the memorial to the Australian service people killed in the First World War.

[3][4] Although it withstood lightning strikes and bushfires over the years,[3] eventually the cross's internal steel structure weakened and was assessed as being at risk of falling down.

After a number of years of planning, in 1995 the monument was replaced with a visually identical replica but was constructed with solid reinforced concrete which is expected to be longer lasting.

"[4] The Mount Macedon (Cameron) Memorial Cross is important for spiritual, symbolic cultural and social reasons.

The Cross is important as a memorial for those who lost their lives in the First World War and became for many a symbol of courage and survival after the 1983 Ash Wednesday bushfires.