The most common and most likely answer to this crossword clue is the 12 letter word COMMONWEALTH
I've seen this crossword clue in The Sunday Telegraph
C
O
M
M
O
N
W
E
A
L
T
H
More clues leading to the result COMMONWEALTH
Buddy explains!
The straight part
We know that "in Australia, for example" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case in australia, for example = commonwealth.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does COMMONWEALTH mean?
COMMONWEALTH noun- The well-being of a community.
- The entirety of a (secular) society, a polity, a state.
- Republic. Often capitalized, as Commonwealth.