Economy of Australia
The economy of Australia is a large mixed-market economy, with a GDP of A$1.69 trillion as of 2017. In 2018 Australia overtook Switzerland, and became the country with the largest median wealth per adult. Australia's total wealth was AUD$8.9 trillion as of June 2016. In 2016, Australia was the 14th-largest national economy by nominal GDP, 20th-largest by PPP-adjusted GDP, and was the 25th-largest goods exporter and 20th-largest goods importer. Australia took the record for the longest run of uninterrupted GDP growth in the developed world with the March 2017 financial quarter, the 103rd quarter and marked 26 years since the country had a technical recession (two consecutive quarters of negative growth).
Australian Greens
In December 2013, Liberal Party Treasurer Joe Hockey secured a deal with the Greens to remove the debt ceiling in response to debt approaching the current limit of $300b, despite opposition from the Labor Party. In December 2015, the Greens struck a deal with the Coalition Government, passing a law requiring multinational private companies with a turnover over $200 million to disclose their tax arrangements and also making it mandatory for multinational companies with a "global" turnover of $1 billion or more to have to prepare "general purpose" financial statements, which disclose greater tax details than previously occurred in Australia. Once more the following year the Coalition Government and the Greens agreed on a permanent 15% tax rate for backpackers, in exchange for a $100 million funding boost to environmental stewardship not-for-profit Landcare.