It's not entirely due to the apparent size of the sun — refraction due to the atmosphere has a slightly greater effect.
(Singapore is also in the 'wrong' timezone. The sun sets around 7 pm every day, giving it effectively permanent daylight saving time.)
But regardless, Australia is not near the equator. The timezones are mostly ok. In most of the country (for most of the population anyway) the sun sets before 18:00 for roughly half the year. No amount of solar is going to power the evening peak demand without storage.