Why doesn't the Australian education system have an IGCSE exam or smthing similar?

Why doesn't the Australian education system have an IGCSE exam or smthing similar? If I study in the Australian education system...I won't have to give IGCSE or O level exams.... Will this have any affect in my future? AND is thge australian education system internationally recognized?
Answer:

Curtin University of Technology Curtin University of Technology accepts the IGCSE or O Level English as evidence of English Language proficiency for entry into undergraduate study. O Level English Syllabus B accepted with minimum Grade C

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