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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 also has several inhabitated external territories (Norfolk Island, Christmas Island, Cocos (Keeling) Islands) and several largely uninhabited external territories: Coral Sea Islands Territory, Heard Island and McDonald Islands and the Australian Antarctic Territory.

Almost in the exact center of the continent, Alice Springs is some 700 kilometres from the nearest ocean and 1500 kilometres from the nearest major cities: Darwin and Adelaide. Alice Springs is now the midpoint of Adelaide-Darwin Railway.

Although education is not a federal concern, government grants have aided in the establishment of numerous state universities including the University of Sydney (1850), the University of Melbourne (1853), the University of Adelaide (1874), the University of Tasmania (in Hobart, 1890), the University of Queensland (in Brisbane, 1909), and the University of Western Australia (in Perth, 1911).

Australia is home to the Great Artesian Basin - an important source of water for people and cattle in the parched outback. This basin is the world's largest and deepest fresh water basin.

Australians have traditionally had a very strong "underdog" attitude, that is they will support those whom appear to have the lesser hand, so long as Australia is not involved. This can be seen greatly from an occurance during the 2003 Rugby World Cup, where a Georgian Rugby Team arrived in Perth with a crowd of Perth based supporters cheering them on and welcoming them.

Although Australia was initially largely of British origin, and by the early 21st century was an overwhelmingly city-based society, receiving a large proportion of its cultural communication from either Hollywood and American TV networks, or home-grown productions that some claim are merely imitators.

Violet Crumble is an Australian chocolate bar that is manufactured in Sydney, Australia. The slogan for the chocolate bar is "It's the way it shatters that matters". The chocolate bar is a crumbly honeycomb-like substance coated in chocolate, made from ingredients like sodium bicarbonate (baking soda), gelatin, glucose syrup and emulsifiers. The center of Violet Crumble is similar to the center of a Butterfinger. Violet Crumble is common in Hawaii but it can also be found in other places.

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.