Legal And Political System Of Australia

Like the British, Australia is also a system of responsible government. The Government (the Prime Minister and cabinet) is responsible to parliament. This means that at any time, the parliament can remove the Government from office or force it to call an election. However, besides the known differences between both countries such as unlike Australia’s upper house, the UK’s upper house is not elected, in terms of being more democratic, Australian federal elections attracts more attention than British because of Australia’s use of Preferential

The Australian political and judicial systems operate in a federal model that was established in 1901. Since governmental and judicial decision-making occur at both federal and state levels.

Marcio Alaor believes that the reason Australia is experiencing growth is due to the fact that they are a major exporter of commodities. They export goods to international markets like China. The are large exporters of agricultural commodities that include soybeans and wheat. They are also large exporters of mineral commodities that include aluminum and iron. Marcio Alaor also states that Australia is one of the biggest commodity exporters in the world and that is why the Australian economy is experiencing constant

In common with other countries that derive their legal and political system from England – such as Canada, India and New Zealand – Australia has three arms of government; the Legislature (consisting of democratically elected Members of Parliament, which make statute law); the Executive (which implement legislation and administer the affairs of government, consisting of The

There are three major economic factors that have combined contribution to FMG’s growth over the past 5 years, including the strong AUD , the amazing export feature due to the Chinese boom which drives up the commodity price and the interest rate decision by RBA. Australia dollar has appeared strong for the past 5 years and maintained at $6-$6.8 level for AUD/CNY at most time. It promised a high level of foreign income for Australia exporter. In 2009, China demanded almost 60% of the world’s iron ore to produce 47% of world’s steel production. It contributes the most to the price rocket from $31.78 to $180.6 US cents/mts in 5 years time. In addition, Australia borrowing cost remains high over the past few years which may alter the finance decisions of FMG.

Australian economy is ranked 5th in global ranking while in Asia-pacific regional ranking it’s ranked at 4th. The main components of Australian economy on which it’s based are retail trade 5%, manufacturing 7%, services (including finance) 58% and mining 7% and construction 9%. Currently Australia’s economy is growing at

The Australian government is federalism. There are six states and two territories (the northern territory and the capital territory), states with the governor and in charge of state affairs. The Australian government is composed of house majority or coalition, every government office for three years. The cabinet is the government's highest decision-making authority, is now a total of 30 ministers. The country's supreme administrative leader is prime minister.

In the Australian Legal System, members of political parties, leaders etc. have to be over the age of 18 in order to become a member and is usually selected by Parliament, Courts or Judiciary or members of public through voting. [7]. both Legal systems have Separation of Powers, but are structured and operated a bit differently to each other. Australian Separation of Powers all work towards the law and how it is enforced, the Parliament makes and amends the law, the Executive enforces it, and the Judiciary makes verdicts about the law. [9].

The impact of globalisation has also changed the structure of Australia 's trade. There has been considerable growth in manufacturing and service industries with limited growth in the rural sector (Table 2). This reflects a combination of changes in world demand and domestic structural reforms.

This essay will detail and outline the Federal Parliamentary system of Australia. The key features considered include its structure, houses, parliamentary roles, election operations and its functions. Australia is referred to as the official name of Commonwealth of Australia. Australia became a nation on January 1 1901, with the unification of the colonies; Western Australia, South Australia, Tasmania, Queensland, New South Wales and Victoria.

Australia’s political view has been recognized by other countries as a strong market leader and a valuable country to have free trade agreements with. All Australians can see that this is a huge benefit to the Australian economy. An increase in trade agreements means more jobs and security for the

Ever since 2014 crude oil prices have been decreasing dramatically, this has contributed to various global economic issues that has the potential to destabilise the economy.There are various factors which contribute towards these issues where the result has a negative effect on Australian industries. In order to prevent the ever decreasing crude oil prices, the Australian government needs to implement new policies and legislation which could assist to mitigate the impact of fluctuating oil prices within the economy. By doing so, there would be a positive effect on the Australian economy which could help restabilise the global economic situation.

America is Australia’s 5th largest trading partner, after the heavy weights of China and Japan. This is mainly due to there location compared to the United States.

Thanks in part to microeconomic reforms in the 1980s, Australia has experienced two decades of continuous growth, low unemployment, controlled inflation, very low public debt, and a strong and stable financial system (Washington, DC: Central Intelligence Agency, 2013-2014). Australia has an efficient government sector, a flexible labor market, and a very competitive business sector (About Australia Pty Ltd, 2015). The four main components that make up the Australian market economy are trade, manufacturing, services, and finance. The services sector represents the largest part of the Australian economy, accounting for 75% of all jobs and nearly 70% of the overall GDP (Washington, DC: Central Intelligence Agency,

Over the last decades, the relationship between ASEAN and Australia was remarkable. ASEAN represents almost 15% of the Australia two way trade, with two-way trade valued at almost $100 billion Australia dollars in 2013, while Thailand hold more than 19% (worth approx. $19.5 billion Australia dollars) of the total values of two way trade between ASEAN and Australia in 2013, which is a rapid growth of values of trade compare to 2012 figure ($18.5 billion Australia dollars).