Earlier quoted context omitted.
The reported CFR may be in that region, but most credible sources estimate a much lower real CFR, due both to many undetected / asymptomatic infections, and confusion between deaths with & deaths caused by Covid-19. For a statistical reporting agency such as the ABS to claim to know the actual CFR with any level of certainty seems careless at the very least.
The ABS clearly sets out their method for calculating CFR, which is covid deaths divided by confirmed infections. Yes, that is only a proxy for the overall all infection fatality rate. However, given the contact tracing, testing, and medical systems have been quite robust in Australia, it shouldn't be too far off the mark. Furthermore, the 3% figure only applies to the population as a whole. According to the ABS, CFR…
https://www.cdc.gov/coronavirus/2019-ncov/cases-updates/burd...