The rate of conversion for the new decimal currency was two dollars per Australian pound, or ten Australian shillings per dollar. The exchange rate was pegged to the pound sterling at a rate of $1 = 8 shillings ($2.50 = UK Â£1).In 1967, Australia effectively left the sterling area, when the pound sterling was devalued against the US dollar and the Australian dollar did not follow.t is subdivided into 100 cents. As of 2011, the Australian is the 5th most traded currency in the world, accounting for 7.6% of the world's daily share. It trades in the world foreign exchange markets behind the US dollar, the euro, the yen and the pound sterling.
More than 300 ACC employees are being paid in excess of $100,000 a year, according to its annual report. The highest paid earner, who the state insurer said was not departing chief executive Ralph Stewart, received up to $760,000. The insurer declined to name who that earner was.
The base pay of insurance executives, hospital executives and even hospital administrators often far outstrips doctorsâ salaries, according to an analysis performed for The New York Times by Compdata Surveys: $584,000 on average for an insurance chief executive officer, $386,000 for a hospital C.E.O. and $237,000 for a hospital administrator, compared with $306,000 for a surgeon and $185,000 for a general doctor.