It's a whole lot better than the US, but AUD100M isn't enough to scare a lot of companies. A law with real teeth would go after an increasing percentage of their revenue for each offense.
The largest ACCC fine to date for a company undertaking anti consumer practices is $483m against an educational provider for misleading students.
I'd be reasonably happy to lodge a complaint if I could find a version that's reasonably articulated. As a Bambu customer in Australia I switched my printer to local mode and its been great.