This is bad for Australians and bad for anyone doing business in Australia.

I already know of a case where an Australian subsidiary is being shut down and all operations being moved to Europe in response to this draconian measure on the part of the Australian government. The company just doesn't want the liability of operating in such an environment, and has now classified Australia as equivalent to China in terms of risk factor. So, a multi-million dollar budget goes to Europe instead, and Australia loses a tech leader.

This is only going to hurt the Australian people.