I have no doubt that Australia has significant higher levels of fraud and corruption than what is usually perceived by society. The problem is that the press here reports virtually nothing, probably as a consequence of the strange defamation and libel laws that we have.

As an example, I have witness of two significant cases of fraud in the last 5 years. In the first, a lawyer stole more than $2 million from trust accounts. The second was a professor from a major university who misused close to $100K from grants. In both cases, the matters were dealt with internally (returning money, compensating victims, etc.) and no single piece of information about this went to the press.