I'm not sure whether my response would be adequate, because I'm not that familiar with the Australian system. However, I don't think that it's probably feasible because of the sheer size of the co-operation, especially when it comes to some of the countries that are technologically advanced in those, let's say, 15 critical areas. Reporting each and every research co-operation to the government seems to be a disproportionate measure, basically, to take.
What is probably a better way to do it is to focus on those crown jewels that should be protected. However, once again, the question is this: Who is to define the crown jewels? Here we often breach the autonomy of the universities. Any system has to be balanced between the needs of the universities and how they don't want academic freedom to be taken away from them and the needs of national security. That's a very delicate matter.