The island continent (9)
I believe the answer is:
australia
'the island continent' is the definition.
(I've seen this before)
This is all the clue.
(Other definitions for australia that I've seen before include "A land down under" , "The golden wattle is its national flower" , "A US lariat can be found in this country, strangely" , "faraway country" , "Island continent" .)