The Great Australian Firewall

So, some may have already heard of Australia's great firewall plans.
This is already proving to be problematic, with their currently flourishing plans to build a national broadband network.

Please note: the following is not the opinion of anyone I know, just me.

As a country, the state of our internet is already unimpressive as is. It would be much wiser (In my opinion) to be spending the money going into this project towards the infrastructure of our nation.

Whilst most may argue that it is to protect our children, and as such our futures - Let me ask those who say this a question: Isn't it a parents responsibility to ensure their child doesn't end up looking up inappropriate materials?

Furthermore, it can be easily bypassed by commonly accessible programs / Protocols that can be used on the internet. There are infinite numbers of loopholes that can be exploited.
Secure HTTP (Web browsing on an encrypted level),
Proxy servers (Quickly becoming a household terminology in China)
Bit-Torrent (Which traffic from cannot be easily monitored, and is associated with illegal media downloads.)
Just to name a few of the more commonly known.

In the end, the taxpayer will be the one suffering at the expense of implementation, something that will surely cripple our current infrastructure.