This Class consists of units mainly engaged in the operation or administration of judicial authorities, including criminal and civil courts, or commissions including royal commissions or similarly constituted inquiries.
This report does not include Police Services in Australia (ANZSIC Q9631) or Corrective Centres in Australia (ANZSIC Q9632).
The Industry M8120 - Justice in Australia ranks 314 out of 496 by industry turnover and its life cycle is in a mature phase, which means that the industry is generally growing at at the same rate as the economy. Capital/labour intensity is low and the uptake of new technology is medium.
The industry's globalisation level is low and the trend is steady. The industry has a low level of exports, which means exports generate less than 5% of the industry's turnover.
The industry has a low level of imports, which means imports generate less than 5% of the industry's domestic demand.
The trend for exports is steady and for imports it's steady.
The level of regulation is heavy and steady and government assistance is insignificant and steady. This industry is forecast to have a strong average annualised growth rate over the next five years.
A full analysis of each of the above conditions and more is available in every IBISWorld industry report!