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General Information About Australia
A vast island continent situated south of Indonesia and Papua New Guinea, Australia lies between the Pacific and Indian oceans. The world's sixth largest country, Australia measures some 4000km (2500mi) east to west and 3200km (2000mi) north to south. Australia is a multicultural society. English-speaking Australians are liable to use a hotchpotch of indigenous slang and shortened words that often makes their speech slightly impenetrable. Australia has a rich artistic heritage and a vibrant contemporary art scene
- Population: 19.5 million
- Political Structure: The Australian political system is a blend of Westminster parliamentary government and United States federalism. However, its Constitution provides a very incomplete and sometimes misleading impression of its actual workings.
The system is based on seven sets of constitutional statutes establishing the six states and the federation. Federal legislative powers are vested in the Senate, the House of Representatives and the monarch, who also holds formal executive power. The monarch is represented by the Governor-General, who holds the key powers of summoning and dissolving Parliament, appointing ministers and assenting to legislation. The Governor-General's role is less central than the Constitution suggests because many of the conventions of government are not mentioned in the document.
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- Infrastructure and Economy: Australia has a prosperous Western-style capitalist economy, with a per capita GDP on par with the four dominant West European economies. Rising output in the domestic economy has been offsetting the global slump, and business and consumer confidence remains robust.
- Canberra's emphasis on reforms is another key factor behind the economy's strength. The stagnant economic conditions in major export partners and the impact of the worst drought in 100 years cast a shadow over prospects for 2003.
- Language: English, Aboriginal languages (plus numerous other European, Arabic and Asian languages)
- Currency: Australian dollar (AUD)
- Exchange Control: None
- Type Of Law: Based on English common law; accepts compulsory ICJ jurisdiction, with reservations
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Australia Online Savings Account
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Account Details
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AUD$2,000.00
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Min Balance
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-
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US$199.00
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Yes
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Yes
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Yes
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Yes
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Overdraft Facility*
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Yes
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Yes
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