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South Australia was the first Australian state to introduce a land tax, based on the unimproved capital value of land, in 1884. [6] [7] In 1910, George Allen (first secretary to the Treasury) founded the Land Tax Office to service land taxes at the federal level as a form of wealth tax and as a means to break up large tracts of underutilised land.
Under the reforms unsurveyed land in an area which had been declared an agricultural reserve in designated unsettled areas could be selected and bought freehold in 40-to-320-acre (16–129 ha) lots of crown land, wherever situated at £1 per acre (£2 9s 5d/ha), on a deposit of five shillings per acre (12s 4d/ha), the balance to be paid within three years, an interest-free loan of three ...
Chart: % Population Growth. Australia - high growth rate strategy at 2.1% in 2010 - source Wikipedia & ABS. The Reserve Bank of Australia has noted that there are "a number of areas in which the taxation treatment in Australia is more favourable to investors than is the case in other countries."
Selection is the act of choosing and acquiring a subdivided tract of land for farming purposes in Australia. A selection is also descriptive of the plot of land that was selected. The term derived from "free selection before survey" of crown land in some Australian colonies under land legislation introduced in the 1860s. These acts were ...
The process of land selection in Queensland in Australia began in 1860. It continued under a series of land acts in subsequent years. [1] When Britain claimed possession of Australia, it did so based on terra nullius (that the land belonged to nobody) and did not acknowledge that Indigenous people had any ownership over the land. All land in ...
Land grants were often subject to conditions, such as a quit rent (one shilling per 50 acres (200,000 m2) to be paid after five years) and a requirement for the grantee to reside on and cultivate the land. Whaling in Australia commenced in 1791, when Captain Thomas Melvill, commanding Britannia, one of 11 ships of the Third Fleet, and Captain ...
Fassifern Homestead is a single-storeyed timber residence erected c. 1880 to replace an earlier homestead on the same site. The Fassifern run, first taken up by John Cameron in 1841-1842, was one of the earliest licensed runs in the Moreton pastoral district, which was proclaimed on 10 May 1842.
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