Just like you @janusface, I don't know what I am feeling about this quite yet. It fist glance it seems like the Australian government just want to release a crypto because it is so popular right now, hoping to make some money doing it. I think we'll be seeing a lot of corporations and governments releasing "useless" cryptos in the future hoping to get some quick money out of it. After all, releasing a cryptocurrency is actually pretty cheap and easy.
On the other hand, it could of course be a nice addition to the other blockchains out there, but 12 months is a long time, and we don't really have any other detail except for the fact that it will be backed by gold, so I'm not sold yet.
It seems like commodity backed cryptos are getting hotter. Just look at Element ASA that are going to release a token backed by their nickel resources. @bitspace has recently partnered with Harmonychain that are aiming at creating several commodity backed cryptos.
Ah, that's pretty interesting. I guess it makes sense to use a blockchain this way, so no one can come and forcefully take away any assets you might own. I think we will see a lot of these in the next few years!