The concept of Australian multiculturalism was first enunciated in 1973 by Al Grassby, who was then Minister for Immigration in the Whitlam Labor government. In 1978 the concept was introduced in full-fledged fashion in the Liberal-Country Party coalition government under Malcolm Fraser based on recommendations in the Galbally Report. Thus 2008 marked the 30th anniversary of the full-scale introduction of this policy. Multiculturalism was not an outright rejection of the previous White Australia policy under which the country had grown and which stressed Australia’s position as a European country that had developed in the heart of the Asia-Pacific region. Rather the adoption of a national unification policy was designed to address post-World War II problems of inadequate population and bolster defense of the continent through a policy of mass immigration. Such policy would result in diversification of the composition of the population as well as respond to postwar changes in international relations. This research will include a multifaceted retrospective of the development of Australia’s multiculturalism over the past 30 years, elucidate the special characteristics of multiculturalism as it is now practiced, as well as the political, social and cultural conditions surrounding it, and analyze the possibilities for future trends in multiculturalism. This will include tracing the transition from multicultural symbiosis through welfare multiculturalism to economic multiculturalism through multicultural competition.