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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.
The Valuer General is responsible for standards and policy in relation to the land valuation system and determining compensation for the acquisition of properties and monitors the quality of the value of land and services to the community by Property NSW. [1] The Office of the Valuer General provides day-to-day support to the Valuer General.
The Australian property market comprises the trade of land and its permanent fixtures located within Australia. The average Australian property price grew 0.5% per year from 1890 to 1990 after inflation, [1] however rose from 1990 to 2017 at a faster rate. House prices in Australia receive considerable attention from the media and the Reserve ...
Manual telephone, c. 1950. The phone and lines remained the property of the PMG. The Postmaster-General's Department (PMG) was a department of the Australian federal government, established at Federation in 1901, whose responsibilities included the provision of postal and telegraphic services throughout Australia.
In 1951, during the Korean War, national service was introduced under the National Service Act 1951. All Australian males aged 18 had to register for 176 days training (99 days full-time) and two years in the CMF. Later, the obligation was 140 days of training (77 days full-time) and three years' service in the CMF.
The Department of Post-War Reconstruction was established on 22 December 1942 by moving functions from the Department of Labour and National Service.Its role was to plan and coordinate Australia's transition from a war economy with the goal of achieving and maintaining full employment.
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1893: a major international depression and the speculative property boom of the 1880s, led to the Australian banking crisis of 1893 and a serious economic depression. 11 commercial banks failed or temporarily closed to avoid a run, including the National Bank of Australasia and the Commercial Bank of Australia.