Bank_Notes_Tax_Act_1910
The Bank Notes Tax Act 1910 (Cth) was an Act of the Parliament of Australia which imposed a prohibitive tax on banknotes issued by banks in Australia.[1][2] The Act was enacted in October 1910 by the Fisher Labour Government under Section 51 (xii) of the Constitution of Australia that gives the Commonwealth Parliament the power to legislate with respect to “currency, coinage, and legal tender” and the taxing power.