Salting was born in Sydney, New South Wales, the son of Severin Knud Salting (in English 'Severin Kanute Salting'), a Dane who had large interests in New South Wales, and in 1858 made a gift of £500 to the University of Sydney to found scholarships to be awarded to students proceeding from Sydney Grammar School.
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Of this £10,000 was left to London hospitals, £2000 to the Royal Prince Alfred Hospital at Sydney, and £30,000 to relatives and others.
To this early period belong the St John of the Richard von Kaufmann collection in Berlin and the Salting's St Jerome.
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It was under his directorship that the museum acquired the Salting collection, the Rodin sculptures (now transferred to the Tate Gallery), the Talbot Hughes collection of costumes, the Alma Tadema library, the Le Blon Korean pottery and the Pierpoint Morgan stained glass.