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I have been in a continuous debate with my gf to what the queen does and her importance to us Australians. Is there a particular reason why she is still ruling Australia and does she have a job of some sort?

I never hear of her doing anything and from what I see she is just a figure head that last I heard (several years ago) fell over and broke her hip or something. Other then that I never hear or read about her. I'm curious to know of her importance besides the fact she is queen.

Is there any reason why she is still ruling Australia and why we are not our own independant country? I know eventually we will become independant but there must be a reason she is still ruling this country.