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Since 1996, the Coalition government, led by Prime Minister John Howard, has continued to implement microeconomic reform policies. Some have claimed that the deregulation of the labour market during this period has resulted in a needed flexibility in the labour force. Others have criticised these deregulations as having a negative impact on worker's wages, safety and health grounds. Legislation introduced during this period sought to reduce union involvement and power, and has preferred to emphasise enterprise bargaining (a tendency towards wage bargaining). Also during this period, the Coalition government deregulated numerous other industries, including the telecommunications sector, and privatised many of the pre-existing natural monopolies.

Australia has three major commercial television networks, the Nine Network, Seven Network and the Ten Network. It also has two public broadcasters, the Australian Broadcasting Corporation (ABC and colloquially Channel 2) and the Special Broadcasting Service (SBS).

Melbourne's own vibrant music scene has fostered many internationally renowned artists and musicians, with links to Nick Cave, Crowded House, AC/DC, John Farnham, Graeme Bell and Kylie Minogue.

Australia is about 31.5 times bigger than the United Kingdom.

American-style chain stores are common including Subway, Pizza Hut, KFC, Burger King (known as Hungry Jacks due to a trademark issue), and of course McDonalds (commonly called Maccas by locals). An alternative to the US imports is offered by the Australian chicken fastfood chain Red Rooster, and by the corner Pizza shops, charcoal chicken stores, fish and chip shops and a wide range of small enterprises. Many of these sell high-quality food for reasonable prices, but the only way to find the good ones is to try them.

The ABC has made an impressive contribution to television drama with immensely popular series like "Brides of Christ" and in comedy, with the 1970's hits "Aunty Jack" and "The Norman Gunston Show" and most recently "Kath & Kim".

Van Diemen's Land (i.e. the present day Tasmania) was settled in 1803, and became a separate colony in 1825. The rest of the continent, what is now Western Australia, was formally claimed by the United Kingdom in 1829. Following the spread of British settlement, separate Colonies were created from parts of New South Wales: South Australia in 1836, Victoria in 1851 and Queensland in 1859. The Northern Territory was founded, as part of the Colony of South Australia, in 1863.

Although Australia has scarcely more than two persons per square kilometer of total land area, this raw figure is highly misleading: most of the continent is desert or semi-desert and of no agricultural value. In consequence, Australia is one of the world's most urbanized countries: less than 15% of the population live in rural areas.

Sydney is a significant global and domestic tourist destination and is regularly declared to be one of the most beautiful and livable cities in the world, admired for its harbour, beautiful coastline, warm and pleasant climate and cosmopolitan culture. Sydney significantly raised its global profile in recent years as the host city of the 2000 Summer Olympics. The city's name is pronounced "SID-nee".