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A beer duty stamp from 1892. The first beer duty stamps were issued for beer in kegs in 1880, and like issues for the other Australian states, most were damaged or destroyed in use so most existing examples are in mint condition. The second issue was in 1881, and stamps in similar designs for use on kegs or bottles were issued until 1906.
Stamp duty was formerly a graduated progressive tax with the more expensive the house bought the greater the stamp duty rate. The top rate slowly increased from 0.5% in 1882 to 3% in 1947, 5% in 1973, 6% in 1975, reaching its peak at 9% in 1997. [ 7 ]
The tax was introduced by the Howard government and commenced on 1 July 2000, replacing the previous federal wholesale sales tax system and designed to phase out a number of various State and Territory Government taxes, duties and levies such as banking taxes and stamp duty.
From the new book "Selling Sexy: Victoria’s Secret and the Unraveling of an American icon."
The stamp duty inscription was dropped in 1896. Victoria issued semi-postal stamps in 1897 and 1901, in the first instance the extra income went to a hospital fund, and in the second, to a Boer War Patriotic Fund. Like the other colonies, after federation Victoria continued to issue its own stamps.
A block of four £2 "Roo" stamps showing the printer's imprint in the selvedge 1d King George V, used at Sydney in 1916. The six self-governing Australian colonies that formed the Commonwealth of Australia on 1 January 1901 had operated their own postal service and issued their own stamps – see articles on the systems on New South Wales (first stamps issued 1850), Victoria (1850), Tasmania ...
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Stamps acts were enacted in various Australian states in 1878, 1882, 1886, 1890, and 1894, with amendments from 1892 to 1907. [2] According to these acts, stamps were required on many types of business transactions: negotiable instruments, promissory notes, bills of lading, and receipts.