Who owns Australia?
With a population of 26 million, Australia is a federal parliamentary constitutional monarchy. The country has maintained a stable liberal democratic political system under its constitution, which is one of the world’s oldest, since the Federation in 1901. It is also one of the world’s oldest federations, in which power is divided between the federal…
With a population of 26 million, Australia is a federal parliamentary constitutional monarchy. The country has maintained a stable liberal democratic political system under its constitution, which is one of the world’s oldest, since the Federation in 1901. It is also one of the world’s oldest federations, in which power is divided between the federal and state, and territorial governments.
Australia is a highly developed country with a high-income economy. As of 2022, it was the world’s fourteenth-largest economy with the ninth-highest per capita income.
Who owns Australia?
Australia, once known as New South Wales, was originally planned as a penal colony. In October 1786, the British government appointed Arthur Phillip captain of the HMS Sirius and commissioned him to establish an agricultural work camp there for British convicts. Phillip led his 1,000-strong party, of whom more than 700 were convicts, around Africa to the eastern side of Australia. In all, the voyage lasted eight months, claiming the deaths of some 30 men.
The six colonies were federated in 1901 and the Commonwealth of Australia was formed as a Dominion of the British Empire. The United Kingdom remains the second largest overall foreign investor in Australia. In turn, Australia is the seventh largest foreign direct investor in Britain. In 1818, January 26 became an official holiday, marking the 30th anniversary of British settlement in Australia. As Australia became a sovereign nation, it became the national holiday known as Australia Day. Many Aboriginal Australians call it “Invasion Day.