From the Australian Strategic and Defence Studies Centre, Jun 07, this paper essentially recommends bunkering down at home in the strategic defensive:

Dien Bien Phu, and the Defence of Australia
...as Dien Bien Phu revealed, one man’s expedition is another man’s invasion. Thus, we should not be surprised that Western armies have proven entirely incapable of fighting amongst the people in Indochina, Iraq, the Middle East and Central Asia. For example, Australia’s scorecard from the recent decades of the expeditionary strategy reads as follows: one disaster, one fiasco, one disaster-in-waiting, and a few blunders. It is impossible to believe that this outcome has served the national interest. Those campaigns have starkly exposed the innate limits of land power.

Almost by definition, an army of occupation is incapable of conducting war amongst the people; while the unavoidable limits on personnel imposed by recruiting standards and resignation rates make the notion of the three-block war not merely unrealistic but unachievable. The fact is that expeditionary campaigns are predicated on capabilities that armies do not have and cannot acquire.

Australia is in the fortunate position of being able to adopt a primarily defensive military strategy which both avoids the flawed logic of expeditionary campaigns and offers a credible method for controlling the immediate environment and defending the fundamentals of our national wellbeing. Affordable, rational, militarily credible, non-threatening and achievable, the defence of Australia remains the nation’s best strategic option.