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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.

Melbourne is home to nine of the sixteen teams in the Australian Football League, whose five Melbourne games per week attract an average 35,000 people per game. Melbourne hosts the Australian Open tennis, one of the four Grand Slam tournaments; the Melbourne Cup - the most prestigious handicap horse race in the world; the hugely popular 'Boxing Day' cricket test match held each year from 26-30 December at the Melbourne Cricket Ground (a massive arena that can hold up to 100,000 spectators); the Australian Grand Prix Formula One championship.

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.

The Australian aborigines , estimated to number as many as 350,000 at the time of the Europeans' arrival, was numbered at 386,049 (including Torres Strait Islanders, who are of Papuan descent) in 1996. Although still more rural than the general population, the aboriginal population has become more urbanized, with some two thirds living in cities. New South Wales and Queensland account for just over half of the Australian aboriginal population. In Tasmania the aboriginal population was virtually wiped out in the 19th century.

To the visitor from the northern hemisphere, many of Australia's birds will immediately seem familiar - Australian wrens look and act very like northern hemisphere wrens, Australian robins seem to be close relatives of the northern hemisphere robins - but in fact the majority of Australian passerine birds are descended from the ancestors of the crow family, and the close resemblance is misleading: the cause is not genetic relatedness but convergent evolution.