After taking a sit down test, you can swap your UK drivers licence for an Aus Licence. Strictly speaking you should hand in your UK licence for destruction - but I would want to keep mine for use with trips in the UK. Has anyone had an experience on whether they could keep their UK licence or not?
BTW, The Aus licence costs $25 per year, so if you take out a 10 year licence, the cost is $250. Bizarre?