This Survey is published on the responsibility of the Economic and Development Review Committee (EDRC) of the OECD, which is charged with the examination of the economic situation of member countries. The economic situation and policies of Australia were reviewed by the Committee on 13 October 2014. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 2 December 2014.The Secretariat’s draft report was prepared for the Committee by Philip Hemmings and Vassiliki Koutsogeorgopoulou, under the supervision of Piritta Sorsa. Statistical research assistance was provided by Annamaria Tuske with general administrative assistance provided by Anthony Bolton.The previous Survey of Australia was issued in December 2012.