Political environment in Australia
Australia is a constitutional monarchy, recognizing Queen Elizabeth II of Great Britain as head of state. The nation's political overview, as well as its legal and educational institutions, are based on models in the United Kingdom and United States. Scott Morrison is the prime minister of Australia presently.
Australian economy is resilient, and has a stable political environment, transparent regulatory system, and sound governance frameworks. It has maintained a stable liberal democratic political system with economic freedom under its Constitution, which is one of the world's oldest, since Federation in 1901. Australia is the world's sixth oldest continuous democracy and largely operates as a two-party system in which voting is compulsory.
Australian government offers ease of doing international trade and foreign investment and its business environment is ranked 15th out of 190 economies. It is well known for its robust regulatory system and financial freedom, its stable institutional frameworks in addition to the strong finance and banking regulations. Not only the office space is available at competitive rates, so is the remuneration of the professionals. It’s great to note that the quality of life in Australia is rated as the seventh highest worldwide and is expected to realize average annual GDP growth of 2.7 per cent in the next three years– the highest among major advanced economies and up from an average growth rate of 2.6 per cent.
Living in Australia means encountering many life changing opportunities; it is a young, multicultural and open country with an economy that’s ever growing. With a great quality of life and unrivaled natural beauty, Australia is the ideal destination if one has ever dreamed about improving the future and quality of life.