It is almost inevitable, that in the life-time of my generation, we will see Australia become a republic. This will not happen under the current Government and would likely not even figure in the agenda of a future Abbott Government, being the staunch monarchist that he is.
A reason for the status quo staying the way that it is at present, with a constitutional monarchy and a part in the Commonwealth, is that the situation at present is not altogether different from that of the situation Australia would find itself in as a republic. We are no longer a colony or colonies striving for at least partial independence from the United Kingdom, we have our own set of laws which we as a nation have made and a Governor-General representing the Queen. We also no longer have a final right of appeal to the Privy Council in the UK.
Furthermore, we do not just trade with Commonwealth countries. As a nation we have a wide array of trading arrangements with a variety of nations across the globe. So independence would not have any foreseeable fiscal benefits as such.
On the other hand, a republic could be the time and opportunity to bring in something that we do not have as yet, a Bill of Rights. A Bill of Rights would guarantee citizens have all the basic human rights enshrined in law, rather than for them to be implied in the Constitution or in our laws.
Further, becoming a republic would also be a good time to recognise our indigenous Australians, the first people of our nation Australia. Whilst symbolic, coupled with real policy work and assistance, this could help lift some indigenous people out of poverty.
It is probably the right thing to wait until the end of the reign of the current monarch, Queen Elizabeth, to really discuss whether or not it is an urgent priority to become a republic. Limited differences between the status quo and Australia becoming a republic are what is holding the republican movement back. The republican movement need to begin to mobilise louder and stronger in selling the differences between monarchy and a republic.
It looks likely that a vote on a republic could be as long as 10 to 15 years away at the present rate of movement and taking into account the political realities at present in Australia. The reign of Queen Elizabeth also seems a major factor in the timing of a future referendum, with both sides seemingly shy now to debate the issue with vigour while the Queen remains in power. Having a republic over the status quo does have some major benefits for all Australians and specifically also for the forgotten minorities. It will not impact on the overall wealth of the nation or our trading relationships in a positive or negative way. The question remains, would you want to wait up to 10-15 years for a republic? Some time around then, it is bound to happen.