I've seen zero discussion of the possible ramifications of losing all security companies in Australia. Any software company that depends on security (and which one doesn't?) would be insane in the membrane to think they could credibly work in Australia now.
All they are saying is "the bill was passed to access encrypted communications of terrorists and criminals".
No discussion of no judicial oversight either.
News orgs are shooting themselves in the foot because there's no possibility of a journalist protecting their sources anymore with this nightmare.