Could that be a smudge from the paper the stamp was on? To my eyes it looks like there's even some paper remains left in the upper left corner of the stamp.
Just suspected some remnant of the envelope may have caused the Color changeling, due to the glue used. The chemicals or other substances in the glue may caused some bleaching on some stamp dyes.
Just read this information from the National Library.
It looks as if something has been spilt on the RH stamp. Apart from that, when the 70c kookaburra, 90c kangaroo and $1.20 cockatoo definitive stamps were issued in 1993, the word Australia and the denomination across the top of each stamp were printed in orange. In later reprints the wording was issued in a browny-orange colour. In the case of the $1.20 cockatoo this happened from April 1998. The two stamps above appear to be SG1370a (on the left) and SG1370 (on the right).
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