what is australian currency?
Australian dollar
neutral
 The Australian dollar is the currency for the nation , including Christmas Island , Cocos ( Keeling ) Islands , and Norfolk Island , as well as the independent Pacific Island states of Kiribati , Nauru , and Tuvalu . With the 2006 merger of the Australian Stock Exchange and the Sydney Futures Exchange , the Australian Securities Exchange became the ninth largest in the world . 

neutral
 Australia is a wealthy country ; it generates its income from various sources including mining @-@ related exports , telecommunications , banking and manufacturing . It has a market economy , a relatively high GDP per capita , and a relatively low rate of poverty . In terms of average wealth , Australia ranked second in the world after Switzerland in 2013 , although the nation 's poverty rate increased from 10 @.@ 2 % to 11 @.@ 8 % , from 2000 / 01 to 2013 . It was identified by the Credit Suisse Research Institute as the nation with the highest median wealth in the world and the second @-@ highest average wealth per adult in 2013 . 

contradiction
 The Hawke Government floated the Australian dollar in 1983 and partially deregulated the financial system . The Howard Government followed with a partial deregulation of the labour market and the further privatisation of state @-@ owned businesses , most notably in the telecommunications industry . The indirect tax system was substantially changed in July 2000 with the introduction of a 10 % Goods and Services Tax ( GST ) . In Australia 's tax system , personal and company income tax are the main sources of government revenue . 

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 Ranked third in the Index of Economic Freedom ( 2010 ) , Australia is the world 's twelfth largest economy and has the fifth highest per capita GDP ( nominal ) at $ 66 @,@ 984 . The country was ranked second in the United Nations 2011 Human Development Index and first in Legatum 's 2008 Prosperity Index . All of Australia 's major cities fare well in global comparative livability surveys ; Melbourne reached top spot for the fourth year in a row on The Economist 's 2014 list of the world 's most liveable cities , followed by Adelaide , Sydney , and Perth in the fifth , seventh , and ninth places respectively . Total government debt in Australia is about $ 190 billion – 20 % of GDP in 2010 . Australia has among the highest house prices and some of the highest household debt levels in the world . 

contradiction
 Australia is a developed country and one of the wealthiest in the world , with the world 's 12th @-@ largest economy . In 2014 Australia had the world 's fifth @-@ highest per capita income . Australia 's military expenditure is the world 's 13th @-@ largest . With the second @-@ highest human development index globally , Australia ranks highly in many international comparisons of national performance , such as quality of life , health , education , economic freedom , and the protection of civil liberties and political rights . Australia is a member of the United Nations , G20 , Commonwealth of Nations , ANZUS , Organisation for Economic Co @-@ operation and Development ( OECD ) , World Trade Organization , Asia @-@ Pacific Economic Cooperation , and the Pacific Islands Forum . 
