Actually on the contrary to what many people think, we (Australia) has one of the most effective and well trained military on the planet.
Our Air Force are all high quality first rate equipment, all up to modern standards. We may not have a big air force, but we have a very efficient one which works well to our advantage. Good enough to defend our borders for a primary attack from neighbouring nations. Also, we don’t need a huge air force as we have pretty powerful allies (hopefully) such as the US and UK.
Another major point I should mention is that we have really no need for a huge military budget, we are or already have developed very good relations with most of the major powers, being still under the british flag, Britian would have a responsibility to aid us if in need.
Dispite my personal reasons for aiding the US in the Iraq war, I cannot deny that it has gained us an ally for future military warfare. Also as the Chinese President having visited us not long ago, (along with President Bush, can you imagine that? 2 of the world’s greatest powers all in Sydney!) we have established excellent economic relations with China.
Thirdly I have to point out in all seroiusness that our ground troops are second to none.