Good catch Bill M., as this White paper was only unveiled on Friday afternoon by Julia Gillard, the Australian Prime Minister.

I rely on the Lowy Institute, an Australian think tank, for awareness on Australian and Pacific matters. From their pre-release comment:
This White Paper will be a signature foreign policy document for Prime Minister Gillard. If it hits the mark, it could come to be seen as a milestone for Australia's relations with Asia. Or it could be just another quickly forgotten government report.
Link:http://www.lowyinterpreter.org/post/...er-launch.aspx

So a few selected sentences from their commentary:
The language of the speech and the White Paper is lofty and inspirational. The PM's speech is titled 'History asks great nations great questions', and the White Paper itself calls the Asian century 'a truly transformative period in our history' and 'a transformation as profound as any that have defined Australia throughout our history'.

...there is very little sense of the risks of the Asian century.

The PM's description of Asia's explosive growth and the opportunities it offers was never accompanied by any warnings about the potential downsides, particularly the fact that Australia's relative influence in the region will decline as the region's developing economies continue their explosive growth
The commentary:http://www.lowyinterpreter.org/post/...pressions.aspx