Australia — Historical Events Description

Australia flag
Australia
Event
Federation Customs and Excise Powers Fully Enforced
Category
Economic
Date
1901-07-01
Country
Australia
Description

Federal control over customs and excise became fully operational on 1 July 1901. State border tariffs were abolished. A unified national market was created. Trade between states became simpler. Federal revenue collection stabilized. Economic integration strengthened quickly. This change supported national economic growth.