(Australia, historical) Wealthy landowners (squatters) considered as a class.
1862, Clara Aspinall, Three Years in Melbourne, 2010, Forgotten Books, [http://books.google.com.au/books?id=XB0PomKnGe8C&pg=PA235&lpg=PA235&dq=%22squattocracy%22|%22squattocracies%22+-intitle:%22%22+-inauthor:%22%22&source=bl&ots=Bmyynu0…
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