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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.
For visual examples of the above stamp formats please go to: "oz revenues.com" - "Research Analysis & Odd Items" - "Adhesive Duty Stamps of Victoria in the Decimal era". By 2005 all stamp duties for which payment could be evidenced by the affixing of duty stamps had been abolished in the State of Victoria and the printing of Duty Stamps had ...
Payroll tax is a general purpose tax assessed on the wages paid by an employer in Western Australia. The tax is self-assessed in that the employer calculates the liability and then pays the appropriate amount to the Office of State Revenue, by way of a monthly, quarterly or annual return. From 1 July 2014: [32] The rate of payroll tax is 5.5%.
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 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.
revenue collection for Victoria, including stamp duty, payroll tax, financial institutions duty and land tax; borrowing, investment and financial arrangements to hedge, protect or manage the State's financial interests; promoting economic growth across Victoria; and
258.7 Stamp Duty Reimbursement Fees. 259 Stamp Statute. 260 State Service. ... Victoria, 1880-1906 - Revenue stamps of Victoria; Western Australia, 1901-1906 ...
The department is one of Victoria’s oldest institutions, predating the Parliament of Victoria by more than a decade. As well as being involved in collecting revenue from land sales and customs duty , the treasury became the principal agency responsible for the sale and safe storage of gold extracted from Victoria’s mines in the second half ...