Does laissez faire exist in Australia?

Laissez-faire principles exist in Australia, particularly in its market-oriented economy, where there is limited government intervention in many sectors. However, the Australian government does actively regulate areas such as health, education, and environmental protection to ensure social welfare and economic stability. While the economy promotes free trade and competition, it is not a pure laissez-faire system, as regulatory frameworks are in place to address market failures and protect public interests.