CSIRO owned the first computer in Australia, CSIRAC, built as part of a project began in the Sydney Radiophysics Laboratory in 1947. The CSIR Mk 1 ran its first program in 1949, the fifth electronic computer in the world. It was over 1,000 times faster than the mechanical calculators available at the time. It was decommissioned in 1955 and recommissioned in Melbourne as CSIRAC in 1956 as a general purpose computing machine used by over 700 projects until 1964. The CSIRAC is the only surviving first-generation computer in the world.