Keep in mind this isn't targeted only at netflix but also at other provider that do price geo-locking and may have local support. Also consider I could sign up

Keep in mind this isn't targeted only at netflix but also at other provider that do price geo-locking and may have local support. Also consider I could sign up to netflix with my credit card 'not get access' and initiate a charge back (maybe even after a couple of months of watching through a vpn), the pressure would be exerted through visa/mastercard which australia can somewhat pressure (as they have local assets). Naturally that goes to the point were Netflix refuses Oz customers the ability to get there service at all and misses out on any part of the Aus market or they commit whole hog and give Aus everything. The other thing to remember is that other small countries may initiate similar policies so it might not be just Aus who misses out.