Australia Business, Taxation and Offshore Information
Australia is the world’s smallest continent, but also its sixth-largest country, lying between the Pacific and Indian Oceans in the Southern Hemisphere. Covering over 7.5m square kilometres of land, it consists of the continental mainland plus the island of Tasmania and numerous other smaller islands.
Australia’s population is over 22m and, while around 90% of Australia’s population is of European ancestry, there has been significant immigration from Asia. English is the national language and, while over 60% of Australians are Christian, it has no state religion.
Two mainland territories and six states compose the federated Commonwealth of Australia. The chief of state is the British Monarch. Elections for the Senate and House of Representatives are normally held every three years, simultaneously. The political party with majority support in the House forms the government and its leader becomes Prime Minister. Kevin Rudd was Prime Minister until 2010 when he was replaced by Julia Gillard. Rudd again became Prime Minister in June 2013 following the result of a leadership spill. More »