Standards and Regulation in Australia
Australia ranks number 10 out of 183 in the World Bank’s Ease of Doing Business Index (2011). It increased in rank to place 2 for Starting a Business and Closing a Business. A high ranking on the Ease of Doing Business Index means the regulatory environment is more conducive to the starting and operation of businesses. Regulatory agencies in Australia for economy include the Reserve Bank of Australia, the Australian Competition and Consumer Commission, the Australian Prudential Regulation Authority, the Australian Securities and Investments Commission, and the Australian Securities Exchange. Australia is a member of the International Organization for Standardization, coordinated by Standards Australia for its standards. Certification companies providing quality and standard certifications number above 450.