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The ACT's gross state product in 2017–18 was $39.8 billion which represented 2.2% of the overall gross domestic product of Australia. [167] In 2017–18 the ACT economy grew by 4.0 per cent, the highest growth rate of any jurisdiction in Australia. This brought real economic growth over the three years to June 2018 to 12 per cent. [169]
The ACT has internal self-government, but Australia's Constitution does not afford the territory government the full legislative independence provided to Australian states. Government for the Australian Capital Territory is outlined in Commonwealth legislation; the Australian Capital Territory (Self-Government) Act 1988. [6]
The Australia Act 1986 is the short title of each of a pair of separate but related pieces of legislation: one an act of the Parliament of Australia, the other an act of the Parliament of the United Kingdom. In Australia they are referred to, respectively, as the Australia Act 1986 (Cth) [n 1] and the Australia Act 1986 (UK).
The ACT Labor Party has been in power since 2001, although with the exception of 2004-2008, have served in minority or coalition governments with the support of the ACT Greens. [8] At the 2020 Australian Capital Territory election, 10 Labor members, 9 Liberal members and 6 Greens members were elected.
The ACT Greens; The Community Alliance Party (ACT) Three further organisations—Pirate Party Australia, Australian Democrats and No Carbon Tax Climate Sceptics—were not registered as political parties in the ACT, however had stated they intended to nominate candidates to be listed on ballot papers as independents. [10] [11]
Whilst the Supreme Court is the highest Australian Capital Territory court in the Australian court hierarchy, an appeal by special leave can be made to the High Court of Australia. Matters of appeal can also be submitted to the ACT Court of Appeal, which is constituted by members of the Supreme Court.
The ACT was given its first federal representation in 1949, when it gained a seat in the House of Representatives, the Division of Australian Capital Territory, [177] under the 1948 Representation Act which increased the size of the House of Representatives. [178] The ACT member could only vote on matters directly affecting the Territory. [178]
The 2024 Australian Capital Territory election was held on 19 October 2024 to elect all 25 members of the unicameral ACT Legislative Assembly. [1]The centre-left Labor Party, led by Chief Minister Andrew Barr, which had been in government in the territory since the 2001 election, and in coalition with the progressive Greens since 2012, sought to win a seventh consecutive term in office.