- Australia’s constitution established the Commonwealth of Australia as an independent self-governing nation within the Commonwealth of Nations on January 1, 1901.
- Queen Elizabeth II was the head of state in 2012, and was the Queen of Australia.
- Federal parliamentary democracy:
- The federal Parliament has 76 members in the Senate and 150 members in the House of Representatives. There are 12 senators from each of the six states and two from the two territories. Members of Parliament must be Australian citizens of full age, have electoral qualification, and have resided for three years. Parliament has to meet at least once a year.
- Government Overview:
- Australia is a federal parliamentary democracy which has to meet at least once every year. The government sometimes raises taxes in order to provide more to the people. In the circular flow chart, roads, schools and security is provided from the government and in return, the household pays taxes. The government also helps entrepreneurs and other businesses because they give them subsidies. This helps keep the supply of new businesses, which means that there will be more goods for the consumers to buy.