Granted, lending standards in Australia did not loosen as much as some other markets.
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So the great tradition is not dead, even if Britain's politicians still have much to learn to reach the standards of Australia, where a future prime minister, Paul Keating, told an incumbent one, Malcolm Fraser, that he looked like an Easter Island statue with an arse full of razor blades.
Still shocking to outside observers is the chasm in living standards between white Australia and black Australia.
He is aiming high and immediately set the players the challenge to trying to match the standards set by Australia, the top rated side in Test and one-day cricket.
The Australia New Zealand Food Authority (ANZFA) will examine amendments to the Australia New Zealand Food Standards Code to ensure that imported beef and beef products were free from BSE.
In countries that use similar accounting standards, such as Great Britain and Australia, brands are sometimes put on the balance sheet, their worth determined independently.
In countries like Great Britain and Australia that use similar accounting standards, brands are sometimes put on the balance sheet, their worth determined independently.
Most of the world already uses the USGA's course rating and Slope standards, but CONGU relies mainly on its own system and Australia does not yet use Slope, although it will by the end of 2013.
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Australia is a country where a relatively gentle (by world standards) effort to reimpose a sort of national ideology looks destined to fail.
Tony Fragnito, chief executive of XBRL International, which sets the XBRL standards, said securities regulators in other countries such as Japan, China and Australia were taking a similar approach to the SEC.
U., some of the U.S.' largest trading partners, including Canada, Australia and China, are moving closer to adopting the International Financial Reporting Standards (IFRS).
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