If Australia holds a referendum to have its own Aussie-resident head of state, will it face the same pitfalls as Britain has had with its?

referendum for Britain leave the EU? In other words, if Australians were to vote to no longer be yoked to Mother Britain by having the British royalty as Aussie head of state, would Australia's economy suffer and wiould Australia lose its vital trading status with Britain?

it was the republican model we didn't like last time we have many more important issues to address before we go the republic debate again and waste a heap of money on more bullshit that does very little to improve our country.

Australia is an independent country and is not, read it, is not yoked to Britain. Sure the head of the Royal family is the head of state but that is simply a constitutional convention which, by the way is working a whole lot better than the shambles in the USA with an elected presidency which has been grabbing additional powers ever since the revolution.

Just what is your problem with us 'being yoked' to England? We do not depend on them for anything,they have no power over us whatsoever & apart from the occasional visit here we have nothing to do with the royal family.

We had one in 1999. The republicans, among whom the present prime minister was prominent, lost. No government will spend millions on referenda every 20 years on the same issue. Maybe 2030. 

Our vital trading links are with New Zealand, China, South Korea, Japan, the USA and other countries in the Pacific and S-E Asia region and mostly not halfway around the world. In the near future, trade links with South America are likely to become stronger since some South American countries seem to be getting out of the holes they have been in for so long. There is nothing much new about this, Australia was exporting coal to Chile in the 1800's and there already is a free trade agreement with Chile. Trade with Colombia is small but expanding, but nowhere near as big as with Mexico. 

The Queen is the figurehead head of state in Australia. She has no influence on government here. Neither does the British parliament. Sometimes it goes the other way, the British Labour Party took a good look at the Australian Labor Party (note differences in spelling) and adopted some of the Australian policies. The British could hardly care whether Australia is a republic or a fascist dictatorship, as long as they can migrate here. 

What Australia need to avoid at all costs is an elected president, which would set us up for conflict between the president and the parliament as we see in the USA and in some European republics like France and Italy. In a democracy, the parliament rules, not a single executive, elected or not.

Australia should dump the British Monarchy and in its place adopt the Danish Monarchy.
Mary, Crown Princess of Denmark was born in Hobart and would be much more acceptable to Australians than Charles and Camilla are likely to be. In addition it would be easier and simpler than becoming a republic and having to somehow select a president.
With Mary and Frederik, as our symbolic heads of state we could get rid of the GG and the state governors and instead have the Danish Ambassador in Canberra representing Mary and Frederik at any formal functions.
All of the Government houses could be put to use as child care centres, or old age homes or pizza joints or something useful like that.
Who would this head of state be and how would this person be chosen. These small details need to be clarified first unless you are retarded and think the Kardashians are behind everything.