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Property rights help Australia ...

Property rights help Australia to 3rd place on global index

Australia's commitment to property rights has helped it to place third on the 2013 Index of Economic Freedom.
The study by the Heritage Foundation and the Wall Street Journal ranked countries based on ten measures, including property rights, business freedom and government spending.

A score of 82.6 out of 100 meant that Australia was bettered only by Singapore (89.3) and Hong Kong (88) on the worldwide index, and placed just ahead of its neighbour New Zealand (81.4).

In the rule of law category, Australia scored an impressive 90 out of 100 for its property rights and the report praised the government for protecting Australian property.

"Australia's judicial system operates independently and impartially," it said. "Property rights are secure, and enforcement of contracts is reliable. Expropriation is highly unusual."

The country also scored particularly highly for business (95.5) and financial freedom (90), but scored only 62.8 out of 100 for government spending.

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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