Banjo Paterson had two children, Grace (born in 1904) and Hugh (born in 1906). Paterson had been previously engaged to Sarah Riley for eight years, but this was abruptly called off in 1895 following a visit to her at Dagworth Station in Queensland where she was visiting the Macpherson family. It was here that Paterson met his fiancée's best friend from school days, Christina Macpherson, who composed the music for which he then wrote the lyrics of the famous "Waltzing Matilda". However, following this collaboration Paterson was suddenly asked to leave the property, leading historians to conclude that he was a womanizer
Banjo Paterson postage stamp issued by [[Australia Post]]. A. B. Paterson College, at [[Arundel, Queensland|Arundel]] on the [[Gold Coast, Australia]], is named after Paterson. The A. B. "Banjo" Paterson Library at [[Sydney Grammar School]] was named after Paterson. The Festival of Arts in [[Orange, New South Wales]], presents a biennial Banjo Paterson Award for poetry and one-act plays and there is also an annual National Book Council Banjo Award. Orange also has an annual Banjo Paterson Poetry Festival. A privately owned 47-year-old Wooden Diesel vessel from Carrum, Victoria, was christened with the name Banjo Paterson and coincidentally, runs regularly up and down