Bank Notes Tax Act 1910
The Bank Notes Tax Act 1910 was an Act of the Parliament of Australia which imposed a prohibitive tax on banknotes issued by banks. Along with the Australian Notes Act 1910 it effectively ended the use of private currency in Australia. The Act imposed an annual tax of 10% on "all bank notes issued or re-issued by any bank in the Commonwealth after the commencement of this Act, and not redeemed." The Act was repealed by the Commonwealth Bank Act 1945, and a fine for issuing private currency imposed.
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Bank Notes Tax Act 1910
The Bank Notes Tax Act 1910 was an Act of the Parliament of Australia which imposed a prohibitive tax on banknotes issued by banks. Along with the Australian Notes Act 1910 it effectively ended the use of private currency in Australia. The Act imposed an annual tax of 10% on "all bank notes issued or re-issued by any bank in the Commonwealth after the commencement of this Act, and not redeemed." The Act was repealed by the Commonwealth Bank Act 1945, and a fine for issuing private currency imposed.
has abstract
The Bank Notes Tax Act 1910 wa ...... uing private currency imposed.
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Wikipage page ID
Wikipage revision ID
692,516,977
Caption
Private currency issued by the City Bank of Sydney c. 1900
date assented
1910-10-10
date repealed
1945-08-21
Legislature
short title
Bank Notes Tax Act 1910
status
hypernym
type
comment
The Bank Notes Tax Act 1910 wa ...... uing private currency imposed.
@en
label
Bank Notes Tax Act 1910
@en
