I've skimmed the full report, and OP's assessment feels somewhat fair. It feels like the ACCC is telling Google and Apple "lower false positives and also lower

I've skimmed the full report, and OP's assessment feels somewhat fair. It feels like the ACCC is telling Google and Apple "lower false positives and also lower false negatives". They do have actionable proposals, eg "coordinated app ‘sweeps’ by consumer protection authorities", and establishing and independent app moderation authority, but overall the message kind of boils down to "do better simultaneously on every single front, even when they contradict each other".