Clean and green Victoria
Our global reputation as exporters and suppliers of some of the world's cleanest, greenest and safe food and fibre products is built on the highest quality biosecurity, safety and reliability standards, and strong environmental protection.
Home to over 40 food research centres, our food producers are early adopters of cutting-edge technologies in areas such as water management, food manufacturing and packaging.
Melbourne is projected to have low economic exposure risk
Melbourne is projected to have low economic exposure risk compared to other major and regional financial cities according to the Lloyd's City Risk Index 2015-25. The index accounts for economic exposure from 18 threats including market crash, cyber-attack, flood and drought among others.
Australia is an open and internationally engaged economy
Australia has well established open-market policies, large global trade and investment flows, and a dynamic and resilient economy.
We consistently rank highly on the Index of Economic Freedom and currently sit 5th in the world reflecting Australia's strong regulatory efficiency and rule of law, high trade, investment and financial freedoms. Australia is closely engaged with our Asia Pacific neighbours.
Large and sophisticated financial sector
Australia has a sophisticated financial services sector, ranked 4th in the world for supporting business efficiency according to the IMD World Competitiveness Yearbook.
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. With no restrictions on foreign entities transacting in the Australian dollar, our currency is the 5th most traded in the world.
Robust and transparent legal system
Australia's sound legal and governance frameworks combined with our political stability provide a secure investment and business environment. According to the World Bank's Worldwide Governance Indicators, we rank in the top 10 countries for rule of law, the top five countries for the quality of our regulatory environment, fair administration of justice, the safeguard of personal security, and protection of property rights.
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 rank in the top ten 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 for rule of law3 and also ranks highly for fair administration of justice, safeguard of personal security and protection of property rights2.
Our financial services sector is large and sophisticated. It is ranked fourth in the world for supporting business efficiency.2 Our financial system is shifting towards a cashless society. We are the second world leader of financial card transactions and we rank in the top six for of having the most financial cards in circulations.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 fourth 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 neighbors.
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, Royal Dutch Shell, Exon Mobil, Energy Australia, Toyota, CITIC Resources Holdings Limited, BUPA, Holden, Cargill and Glencore Grain. Six of the top 10, and 29 of the top 100 Australian companies chose to establish their headquarters in Melbourne. Almost 40 per cent of Australia's top 1000 companies (by revenue) are foreign-owned.8
- World Bank, Doing Business 2016.
- IMD World Competitiveness Yearbook 2016.
- World Bank, Worldwide Governance Indicators 2016.
- Austrade, Why Australia: Benchmark Report 2016.
- Reserve Bank of Australia, as at July 2016.
- The Wall Street Journal & Heritage Foundation, Index of Economic Freedom 2015.
- Lloyd's City Risk Index 2015-2025
- IBISWorld, Top 2000 Australian Companies, 2015.