'OS' on Australia King George 5 (KGV) side-face stamps means Official Service.
This would be similar to O.H.M.S. perforated initials (perfins) on Canada stamps. (On His Majesty's Service).
Used for stamps being used for government service only.
I am not sure if there are different variations of these perfins. For Canada I am just learning there are many variations plus fakes made also.
KGV_Collector's thread on these stamps is the best explanation of these I know of.
Australia KGV stamps explained:
https://goscf.com/t/7020&SearchTerms=australiaWatermarks + cheat sheet:
https://goscf.com/t/8483&SearchTerms=australiaLots of other threads that make mention of these stamps. Search for Australia in subject only