It is accurate to posit that Australia, New Zealand and Canada are not independent, sovereign countries. However, these nations are not owned and run by the UK; they are owned and run by the House of Windsor Crown Temple syndicate within the City of London Corporation. The head signatory of the Crown Temple syndicate is Elizabeth Windsor (Queen Elizabeth II of England).
It should not be forgotten that the most powerful financial syndicate in the Western World is that of the European Rothschilds. The Rothschilds, because of their power base inside the City of London Corporation, have a controlling membership of the London Crown Temple syndicate, and they also have executive control of the Vatican and the Mafia though the P2 Masonic Lodge in Italy.
The financial affairs of the new UK coalition government in London are also Rothschild-controlled. The line management here is understood to be Jacob Rothschild > Nathaniel Rothschild (N.M.Rothschild & Sons Limited, New Court, St Swithin's Lane, London EC4P 4DU) > Oliver Letwin > George Osborne (British Chancellor of the Exchequer).
Queen Elizabeth II fronts for the Rothschilds. She is the largest landowner on Earth. She is Head of State of the United Kingdom and of thirty one other states and territories, and is the legal owner of 6,600 million acres of land, one sixth of the Earth's land surface. A conservative estimate of the value of the Crown Temple syndicate's land holding, under the Queen's signature, is £17.6 trillion.
The Queen's syndicate land holdings are based on the laws of the countries she owns and her land title is valid in each of those countries. Her main holdings are Canada, the 2nd largest country on Earth, with 2,467 million acres, Australia, the 7th largest country on Earth with 1,900 million acres, Papua New Guinea with114 million acres, New Zealand with 66 million acres, and the UK with 60 million acres.
Elizabeth Windsor and her covert syndicate in London are the world's largest landowners by a significant margin. The next largest landowner is the Russian state, with an overall ownership of 4,219 million acres, and a direct ownership comparable with the Queen's land holding of 2,447 million acres. The 3rd largest landowner is the Chinese state, which claims all of Chinese land, about 2,365 million acres.
The 4th largest landowner on Earth is often said to be the Federal Government of the United States, which owns about one third of the land area of the USA, 760 million acres. However, this Washington DC private corporation Federal Estate is actually owned and controlled by the London Crown Temple syndicate. Indeed, at the present time, the London syndicate in partnership with an old family Chinese syndicate, hold, and have activated, a $47 trillion World Court Writ of Execution and Lien on the US Treasury and the US Federal Reserve Board.
The five largest "personal" landowners on Earth, at present, are Queen Elizabeth II of England (6,600 million acres), King Abdullah of Saudi Arabia (553 million acres), King Bhumibol of Thailand (126 million acres), King Mohammed IV of Morocco (113 million acres) and Sultan Quaboos of Oman (76 million acres). In reality, however, these named individuals are just the head signatories of old bloodline syndicates which act corporately through hidden family trusts.
More historical and current background about Elizabeth Windsor (Queen Elizabeth II of England) is compiled here: