Australia: Business Environment
New Year's Day | 1 January |
Australia Day | 26 January |
Good Friday | The Friday before Easter |
Easter Saturday | The Saturday before Easter |
Easter Monday | The Monday after Easter |
Anzac Day | 25 April |
Queen's Birthday | The second Monday of June (except for the State of Western Australia) |
Bank Holiday | The first Monday of August |
Labour Day | The first Monday of October, the first or second Monday of March according to the State. |
Christmas Day | 25 December |
Boxing Day | 26 December |
Companies do not close for holiday periods but only for public holidays. |
Australia’s focus on egalitarianism and individuality strongly influences corporate structure and hierarchy. Organisations tend to be fairly non-hierarchical and if senior management usually makes the final decision, an inclusive and collaborative approach is encouraged.
Australians tend to be very straightforward and direct when it comes to business and long-standing relationships are not necessary to start doing business. However, as Australia is known as the country of networking and clubs, it may be useful to set up a network of business acquaintances. Professional life is often not very strictly separated from private life. Taking the time to exchange pleasantries and ask about your partner’s previous evening or weekend will help you building trust and establish a good relation. There is no set tradition for business entertaining in Australia; thus you are more likely to be asked out for lunch or dinner once a firm relationship has been established.
Australians generally appreciate brevity and are not impressed by too much detail. Your presentation should be straight-forward and open, and backed with facts and figures. Any exaggerated claims should be avoided. During the negotiation process, it is imperative to avoid confrontations or pressure tactics or to come with preconceived ideas or ready-to-use solutions. Australians favour a win-win negotiating style so proposals should be presented with acceptable terms.
Australians usually appreciate a good sense of humour, and are direct communicators who are not afraid of saying no. You should not hesitate to debate and defend your point of view. In general, a very precise written contract will make the agreement official.
Business lunches or dinners generally occur when the relation is already established. The person who makes the invitation generally pays the bill, but the bill may also be split equally amongst those present at the meal.
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Latest Update: July 2024