I really hope this is another step towards CANZUK; with the fall of NAFTA and CUSMA, the up coming reshaping of NATO, and the potential shrinking of the G7 it is important that we are all ready. Australia is probably working with this in mind, if we do not have some defence treaty with them right now related to CANZUK.
I really do hope CANZUK becomes a thing, the only thing I would not be happy about is the royal family would still have their faces on our currency.