Could you elaborate on the question regarding the degree that Australia is known for? Are you referring to a specific academic degree that is highly regarded or sought after in Australia? Or perhaps you're asking about a particular field of study that Australia is renowned for excelling in? Without further context, it's difficult to provide a definitive answer, as Australia is known for a wide range of academic achievements and specializations. However, if you're looking for a general idea, Australia is known for its strong universities and research institutions, particularly in fields such as science, technology, engineering, and mathematics (STEM), as well as business and finance.