The Australian economy is robust and faces a solid short-term outlook, but it must continue adapting to ensure that its privileged place in the Asia-Pacific region contributes to long-term sustainable growth, according to the OECD’s latest Economic Survey of Australia.
Australia’s labour market reforms over the past 15 years have boosted employment and cut welfare benefit dependency.
This report on the recent Australian experience with activation policies contains valuable lessons for other countries that need to improve the effectiveness of employment services and control benefit expenditure. It provides overview and assessment of labour market policies in Australia including the main institutions, benefit system, training programmes, employment incentives, and disability employment
The IEA's 2012 review of Australia's energy policies and programmes finds that Australia enjoys the benefit of abundant and diverse energy resources; it is the world’s ninth-largest energy producer and is one of only three net energy exporters in the OECD. Its substantial conventional energy resource base includes coal, natural gas, oil and uranium. The country also enjoys extensive wind, solar and geothermal resources as well as
Australia’s enforcement of its foreign bribery laws has been extremely low, with just a single case leading to prosecutions out of 28 referrals in 13 years. Cases may have been closed prematurely. Australia must vigorously pursue foreign bribery allegations.
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Australia’s education system achieves good outcomes overall - attainment of upper secondary education by adults aged 25 to 34 was 85% in 2010, above the OECD average of 82%
Skills and educational development for inclusive and sustainable growth are becoming significant drivers in OECD countries.
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Australia’s labour market continues to perform well in comparison with other major developed countries. The unemployment rate, at 5.1% in May 2012, is among the lowest in the OECD.
The objective of senior budget official country reviews is to provide a comprehensive overview of the budget process in the country under examination, to evaluate national experiences in the light of international best practice and to provide specific policy recommendations.
Bilateral Agreements that have been signed to establish exchange of information for tax purposes.