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The 1840's
- 1840 - Friday, January 3
- The Port Phillip Herald began publication in Melbourne, edited by George Cavenagh
- 1840 - Monday, February 3
- Allan McLean, land agent, politician, Federal Minister and Premier of Victoria from 1899 to 1900, born at Oban, Scotland.
- 1841 - Monday, April 5
- The first Supreme Court convened in Melbourne.
- 1841 - Tuesday, April 13
- First races were held at Flemington (Melbourne).
- 1841 - Monday, November 15
- First meeting of the market commisioners of Melbourne.
- 1842 - Thursday, March 3
- The first Agricultural Show was held in Melbourne.
- 1842 - Monday, July 25
- The foundation stone of Melbourne's first court house was laid by Resident Judge, John Walpole Willis.
- 1842 - Friday, August 12
- Melbourne was declared a municipality after the 'Melbourne Municipal Corporation Act' was passed.
- 1842 - Thursday, December 1
- The first municipal council elections were held in Melbourne.
- 1842 - Tuesday, December 20
- The newly-elected Melbourne council took over from the Market Commissioners.
- 1843 - Thursday, January 5
- An Act for the Government of New South Wales and Van Diemen's Land was proclaimed. This restructure of the Legislative Council increased formal representation for the residents of Port Phillip to six elected members.
- 1843 - Tuesday, June 20
- The first election in Victoria to vote in six members to represent the residents of Port Phillip in the NSW Legislative Council. Voters had to be male over the age of 21 and own freehold property worth at least 200 pounds. Candidates had to own property to the value of 2000 pounds. The vote for the Melbourne representative drew a total of 556 voters.
- 1843 - Saturday, December 23
- First Australian newspaper, Sydney Gazette, collapsed.
- 1844 - Sunday, August 25
- Australia's first synagogue is founded in Melbourne.
- 1846 - Friday, March 20
- The foundation stone of Melbourne's Princes Bridge is laid.
- 1846 - Wednesday, April 1
- The Executive Council in Sydney voted for the separation of Port Phillip District from New South Wales.
- 1846 - Tuesday, June 2
- The first issue of the Melbourne Argus was published, edited by William Kerr.
- 1846 - Monday, June 22
- A general market was opened on the eastern public reserve adjoining the Female Peniteniary. (The Southern Cross Hotel later occupied this site).
- 1847 - Friday, June 25
- Melbourne was declared by Letters Patent of Queen Victoria to be a city.
- 1848 - Saturday, January 22
- A powder magazine was opened on the west side of Batman's Hill. It took a year to build and cost 2,000 pounds.
- 1848 - Tuesday, January 25
- Last convict ship to Port Phillip in Victoria, the 'Marion', disembarks passengers.
- 1848 - Thursday, July 20
- Earl Grey elected as the Colony of Victoria's district representative on the NSW legislative Council in Sydney despite residing in London. This was seen as the commencement of a movement towards separation from New South Wales and a separate state for the residents of Port Phillip.
- 1848 - Sunday, December 3
- Victorian Premier William Shiels was born.
- 1849 - Thursday, August 2
- The police offices and court rooms in Melbourne were first opened in Swanston Street next to the existing Town Hall.