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Perhaps you could set up some sort of proxy in Australia so people are connecting to a local IP, but you're able to switch the DNS to the "real" IP if your host receives a takedown notice?
Personally I'd avoid hosting anything in AU. As well as being expensive hosts are going to be jumpy now that the laws and fines ($11k/day past the first 24 hours) have reared their ugly head again. As well as the risk of site disruption due to a takedown notice there's also the potential for direct "interest" from the AFP.
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