I think they also plan to block online gambling sites that aren't australia specific...not sure about that one, it did mention something about gambling.
Someone asked how to get around the content filtering. I know the ToR project was mention, but a few other ways include...
free proxy servers..these work by creating a middle man between your PC and the ISP, allowing u to request a file/document from another server, without the knowledge of your ISP.
Using VPN tunnels to connect to the US, giving access to US-only content, bypassing any content filtering of your ISP.
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