Investor Presentaiton
Australia's federal and state system
Federalism
The Commonwealth of Australia ('Australian Government' or the 'Commonwealth') was formed as a federal union
on 1 January 1901, when the six British colonies of New South Wales, Victoria, Queensland, South Australia, Western
Australia and Tasmania were united as states in a federation. In addition to the six states, Australia has two territories -
Northern Territory and the Australian Capital Territory - the latter hosting the nation's capital of Canberra.
Powers
Australian Government
The Australian Parliament has power to legislate on specific matters of national interest, such as defence, external affairs,
overseas and interstate trade and commerce, currency and banking. The Australian Government also has primary
responsibility for overall economic management in Australia. For example, they have responsibility for monetary policy,
national budget policy, fiscal policy and external policy.
State Government
The state parliaments retain powers over all matters other than those granted to the Australian Government
under the Constitution.
State powers include control over education, public health, police and justice, transport, roads and railways,
industry, mining and agriculture, public works, ports, forestry, electricity, gas, and water supply and irrigation.
QTC
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