Green’s Dictionary of Slang

one out of the bag n.

also one out of the box

(Aus.) a surprising or notable person; an exceptional or unexpected piece of good luck or pleasant event.

[Aus]S. Aus. Register (Adelaide) 21 Nov. 1/7: [N]one of the various bowlers [...] appeared able to get one ‘out of the bag’.
[Aus]Goulburn Eve. Penny Post (NSW) 2 Aug. 2/5: Noonan, if he would kick more, would be ‘one out of the bag.’ He has plenty of speed and strength.
[Aus]Maitland Dly Mercury (NSW) 2 Nov. 3/1: He also bowled Bergin with one out of the bag.
[Aus]Sydney Sportsman (Surry Hills, NSW) 7 Jan. 2/3: It is a prize packet performance. One out of the bag.
[Aus]Sydney Morn. Herald 5 Dec. 5/5: In Cotter’s second over he let one out of the bag which smashed Gehrs’s wicket.
[Aus]Truth (Brisbane) 31 Dec. 6/2: Wilkie has the reputation of being one out of the bag as far as a pleasant chap is concerned.
[Aus]St George Call (Kogarah, NSW) 15 May 5: [advert] ‘Durand of the Bad Lands’ 5 Reels of excitement, thrills and laughter from start to finish. If you never see another Western Picture, don’t miss this. One out of the bag.
[UK]Observer (Adelaide) 23 May 26/5: Coursing [...] The brindle dog is one of out the bag.
[Aus]Smith’s Wkly (Sydney) 31 Oct. 1/3: ‘WHEAT shows increase of 5d in 3 weeks.’ One out of the bag!
[Aus]Blyth Agriculturalist (SA) 22 Nov. 2/2: They had been well served by other presidents, and they now had one ‘out of the bag.’ He was a tower of strength and a good citizen.
[NZ]D. Davin For the Rest of Our Lives 301: You’ve no idea what a good joker Alister was. He was one out of the box, was Alister.
[Aus]T.A.G. Hungerford Sowers of Wind 44: The only difference is, it was all done with one bloody bomb—that’s what makes it one out of the bag. One place that’s been skittled is like any other, otherwise.
[NZ]G. Slatter Gun in My Hand 60: Not a bad day, eh? One outta the box.
[Aus]G.W. Turner Eng. Lang. in Aus. and N.Z. 107: The list of items valid in both countries [...] would include one out of the box ‘an excellent one’.
[NZ]McGill Reed Dict. of N.Z. Sl. 148: one out of the box An outstanding object or achievement, such as a spectacularly fine day. Contraction of American out of the band box, a new item. ANZ 1920s.

In phrases

out of the bag (adj.)

(Aus.) surprising, remarkable.

[UK]A.E. Farrell Vengeance 73: Nobody ever heard the story of his tracking down ‘Holy John’s’ murderer. That it was a job ‘out of the bag’ was conceded by all.
[Aus]R. Ansell To Fight the Wild 136: Anyway, that was out of the bag. Writing poetry.