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Australia's exclusive economic zone (EEZ) was declared on 1 August 1994 and extends from 12 to 200 nautical miles (22 to 370 km) from the coastline of Australia and its external territories, except where a maritime delimitation agreement exists with another state. [1] [2] To the 12 nautical-mile boundary is Australia's territorial waters.
Timor Gap. The Timor Gap is an area of the Timor Sea between Australia and Timor Island. The island is divided between independent East Timor and West Timor province of Indonesia. The Timor Gap is part of the Australia–East Timor border, Australia–Indonesia border, and East Timor–Indonesia border. It is 480 km (300 statute miles) wide.
The feature is located on the North Coast railway line in Australia that connects New South Wales with Queensland under the Border Ranges near Richmond Gap. It was built during 1930. It is also known as the Border Loop railway formation and landscape, Cougal To Border Loop and Railway Spiral and Landscape.
The yield gap or yield ratio is the ratio of the dividend yield of an equity and the yield of a long-term government bond. Typically equities have a higher yield (as a percentage of the market price of the equity) thus reflecting the higher risk of holding an equity. [1] [2]
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A recent global remote sensing analysis suggested that there was 8,866 km 2 (3,423 sq mi) of tidal flat area in Australia, making it the third-ranked country in terms of how much tidal flat occurs there. [4] Australia has the third-largest exclusive economic zone of 8,148,250 km 2 (3,146,060 sq mi).
The yield gap between 10-year Treasuries and equivalent German bunds - recently around 160 basis points - has shrunk in recent months but remains around its five-year average of 167 basis points.
The Timor Gap refers to the 60,000 square kilometre "coffin-shaped" area between Australia and East Timor. [6] The area contains several oil and gas reserves. The exact value of the resources contained in the Timor Gap is unknown, but three of the largest reserves, Elang-Kakatua, Bayu-Undan and Sunrise-Troubadour are estimated to hold US$17 billion worth of oil.