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The net government debt is gross government debt less its financial assets, which is often expressed as a percentage of Gross Domestic Product (GDP) or debt-to-GDP ratio. As of 31 August 2021 the total gross Australian government debt outstanding was A$834 billion, an increase of about A$273 billion from before 31 December 2019. [ 4 ]
The Loan Council is an Australian Commonwealth-state ministerial council that coordinates public sector borrowing, [1] comprising the Commonwealth of Australia and the states and self-governing territories, New South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania the Australian Capital Territory, and the Northern Territory.
[6] [7] If an institution covered by the scheme were to collapse, the Australian Government would, at its discretion, issue debt securities that would be subject to US laws and financial regulations. [7]: 3 As of 2020, Australia has yet to issue any securities related to the deposit guarantee scheme through the entity. [8] [9]
[6] [7] The Order formed or re-confirmed government departments, as follows: The Department of Agriculture replacing the Department of Agriculture, Fisheries and Forestry; The Attorney-General's Department, assuming the arts functions previously managed by the Department of Regional Australia, Local Government, Arts and Sport
The purpose was to ensure the constitutionality of the Financial Agreement, which had been reached by the federal and all state governments in 1927. The agreement discontinued the per-capita payments system that had existed since 1910 and restricted the borrowing rights of the states by subjecting such borrowing to control by a Loan Council.
Debt Conversion Agreement Act 1931 1931 (No. 14) No Debt Conversion Agreement Act (No. 2) 1931 1931 (No. 52) No Deceased Soldiers' Estates Act 1918 1918 (No. 44) No Deer Export Charge Act 1992 1992 (No. 31) No Deer Slaughter Levy Act 1992 1992 (No. 30) No Deer Velvet Export Charge Act 1992 1992 (No. 28) No
The name of the government in the Constitution of Australia is the "Government of the Commonwealth". [15] This was the name used in many early federal government publications. [16] However, in 1965 Robert Menzies indicated his preference for the name "Australian Government" in order to prevent confusion with the new Commonwealth of Nations. [17]
Australia–France Marine Delimitation Agreement; Australia–Germany bilateral treaties; Australia–Greece bilateral treaties; Australia–Korea Free Trade Agreement; Japan–Australia Economic Partnership Agreement; Australia–New Zealand Maritime Treaty; Australia–Solomon Islands Maritime Boundary Agreement; Australia–United Kingdom ...