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Preheat oven to 350 degrees F and grease a 9-inch cake pan.
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In medium bowl, combine flour, baking soda, baking powder and salt until fully incorporated.
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In large bowl, use a hand mixer on high to combine sugar, olive oil and applesauce. Add mashed banana and continue mixing.
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Using a spoon instead of a hand mixer, gently mix in lemon juice, lemon zest and vanilla extract until just combined.
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Slowly add flour mixture into wet mixture and stir with spoon until just combined. Don’t overmix.
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Scoop batter into prepared cake pan and tap on your counter to remove air pockets.
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Bake 35 minutes or until golden and a toothpick inserted in the center comes out clean.
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Allow to cool completely in the pan before gently removing.
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When plating, dust generously with powdered sugar. Decorate with thin slices of lemon and a sprig of rosemary.