The statue first went up in 1926, which was part of the cross-country reaction to honoring the military heroes of World War I. This was a terrible conflict for the people in Australia, as the casualty rate was almost 70 percent - an astonishing figure. (The figure isn't much better in real numbers - about 229,000.) A total of 142 names of soldiers and nurses are listed.
The monument was moved to its current location in 1972. The area now contains guns from 1887 and 1940, and some other plaques saluting a variety of groups involving in wartime actions from other eras.
This used to have a four-sided clock at the top, but they were lost at some point. Therefore, a clock face was painted on with the time being 4:28 a.m. That is the time when the battle of Gallipoli began; it didn't go well for the Aussies.
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