A mostly great and beautiful land of generally intelligent people who are not racist. As has already been stated, Australians have a friendly rivalry going with New Zealand. However, despite the sheep jokes the "fish and chips" bit there is a fondness for New Zealand behind it all. Despite Australia's image being "tarnished" recently, Australia will be able to hold her head high when little Johnny retires. The problem is, however, there is no alternative government to vote for.
Despite sentiments to the contrary, Australian society as a whole is not that racist. Hell, there are so many cultures living in Australia aren't there, you are bound to have a few tensions from time to time. I think it is important that people realise only a minority of Australians are racist thugs. The rest, are great people.
Australia is not perfect but then, where is?