To mark this significant milestone Artbank has acquired Kate Scardifield's artwork 'Canis Major', 2019.
The textile sculpture will fill a 14 metre high tower space at the Artbank Waterloo showroom in November.
The public will have a chance to marvel at this stunning creation alongside other works in Artbank's anniversary exhibition 20/20: 40 Years of Contemporary Australian Art.
Artbank's collection of contemporary Australian art is one the biggest in the world and the anniversary exhibition will reflect the significant role it has played in supporting the dynamic and diverse landscape of the Australian arts sector.
'Canis Major' will be available for leasing following the exhibition.