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Australia legislation guide

James Wheeldon
Atanaskovic Hartnell
T: +61 2 9777 7000 info@ah.com.au www.ah.com.au

Australia is one of the fastest growing, first world economies and it has kept growing throughout the recent global financial crisis. It is one of only eight nations with a triple-A credit rating and a stable outlook from all major ratings agencies. Although the national balance sheet is strong, the resources boom – driven by unprecedented demand from China – has fuelled concerns over a ‘two speed’ economy in which the resource rich states of Queensland and Western Australia outperform the mainstay south-eastern states, and the ongoing sovereign debt crises in Europe and the United States have heightened concerns about Australia’s exposure to the global economic woes.