Simplify the following text for a Grade 8 native English-speaking person.
Original: The National Library of Australia , while formally established by the passage of the National Library Act , 1960 , had been functioning as a National Library rather than strictly a Parliamentary Library , almost since its inception .
Simplified: The National Library of Australia , was officially set up with the National Library Act , 1960 . It had been working as a National Library , not just a Parliamentary Library , since 1901 .