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Australia is one of the easiest, safest, and most transparent locations in the world to conduct business.
Australia is an easy and safe place to do business. We rank in the top seven percent of countries for overall ease of doing business1 and have one of the most transparent and well-regulated business environments in the world. We are one of the top countries for finance and banking regulation, regulatory compliance, and management of financial system risk.2
Australia's sound legal and governance frameworks, combined with our political stability, provides a secure investment and business environment. Australia ranks in the top 10 countries globally for rule of law3 and also ranks highly for fair administration of justice, safeguard of personal security and protection of property rights.2
Our financial services sector is large and sophisticated. It is ranked fifth in the Asia Pacific for finance and banking regulation.2 Our financial system is shifting towards a cashless society. Australia has the second largest number of financial card transactions in the world and is in the top six countries for having the most financial cards in circulation.2 We have deep financial markets, with the largest pool of funds under management and the second largest liquid stock market in the Asia Pacific region.4 Our currency is among the most highly traded in the world.5
Australia has well established open-market policies, and large global trade and investment flows. We are ranked fifth highest on the Index of Economic Freedom, reflecting Australia's high trade, investment and financial freedoms.6 We are closely engaged with our Asia Pacific neighbours.
Melbourne is projected to have low economic exposure risk compared to other major and regional financial cities according to Lloyd's City Index which measures 18 economic exposure threats, including market crash, cyber attack, flood, human pandemic, solar storm, power outage, wind storm, plant epidemic, freeze, sovereign default, heat wave, terrorism, earthquake, drought, oil price shock, volcano, tsunami and nuclear accident.7
We have a rich history of welcoming foreign-owned companies. Foreign companies choosing Victoria as the location for their Australian headquarters include BP, Toll Holdings, Exon Mobil, Energy Australia, Toyota, Daimler Australia, BUPA, Holden, Cargill and Asahi Holdings. Five of the top 10, and 36 of the top 100 Australian companies chose to establish their headquarters in Melbourne. Over 40 per cent of Australia's top 1000 companies (by revenue) are foreign-owned.8
- World Bank, Doing Business 2018.
- IMD World Competitiveness Yearbook 2017.
- World Bank, Worldwide Governance Indicators 2016.
- Austrade, Why Australia: Benchmark Report 2018.
- Reserve Bank of Australia, as at July 2017.
- The Wall Street Journal & Heritage Foundation, Index of Economic Freedom 2018.
- Lloyd's City Risk Index 2015-2025
- IBISWorld, Top 2000 Australian Companies, May 2018.