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Rich in natural resources, Australia is a major exporter of agricultural products, minerals, metals, and fossil fuels. Commodities account for 57% of the value of total exports, so that a downturn in world commodity prices can have a big impact on the economy. The government is pushing for increased exports of manufactured goods, but competition in international markets continues to be severe.

Debate about the role of the ABC continues, as many assign it a marginal role, and claim that American-influenced commercial TV and radio stations are far more popular choices. These critics claim that Australian children grow up watching Sesame Street and The Simpsons, eating fries at McDonalds, wearing baseball caps, speaking American slang, and some have never heard of Blinky Bill or the Magic Pudding. Television ratings are cited as backing this view, but it is less clear that these ratings tell the whole view. Certainly there have been many local television shows that have been successful, such as Skippy (in the late 1960s), Number 96 and The Box in the 1970s, Prisoner in the 1980s, and Neighbours and Home and Away (in the 1980s and 1990s), which have sometimes been even more successful abroad.

Melbourne's restaurants are numerous, and are generally of reasonable quality and good value. Below are some of the major restaurant strips, however there are many other restaurants not in these locations which offer similar or better-quality food and usually at lower cost. The Age newspaper produces two "Good Restaurant" guides - one for low-cost eating and another for more elaborate restaurants.

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.

Hobart is internationally famous among the yachting fraternity as the finish of the Sydney to Hobart Yacht Race which starts in Sydney on Boxing Day (the day after Christmas Day). The arrival of the yachts is celebrated as part of the Hobart Summer Festival, a food and wine festival beginning just after Christmas and ending in mid January.

The land that is now Australia was first discovered by Europeans in 1522 by the Portuguese explorer Cristóvão de Mendonça, but it was only in the 17th century that the island continent became the subject of European exploration, with several expeditions sighting Terra Australis: The Dutch explorer Willem Jansz (1606), the Portuguese explorer Luis Vaez de Torres in Spanish service (1607), and the Dutch explorers Jan Carstensz (1623), Dirk Hartog and Abel Tasman (1642), after whom is named the island of Tasmania, but which he himself originally named after Anthoonij van Diemenslandt.

Alice Springs is best known outside the region as the setting of the Nevil Shute novel A Town Like Alice, and because of its proximity to Uluru, formerly known as Ayers Rock, the monolithic hill that is one of Australia's best-known natural landmarks as well as an important focus of Aboriginal culture and beliefs.

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.

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's myths originate in the outback, in the drovers and squatters and people of the barren, dusty plains, yet very few Australians live in the outback, or even in the milder countryside that is never more than an hour or two's drive from the cities in which they live. This was true even of the Australia of a century ago - since the gold rush of the 1850s, most Australians have been city-bound. Nevertheless, after a century or more spent absorbing the bush yarns of Henry Lawson and the poetry of Banjo Paterson from the comfort of armchairs in the suburbs, the myths are real.