In 2017, the Australian Commission on Competition and Consumer Protection received 1,279 complaints of fraud in the course of various initial placements of coins (ICO). This is reported by the ABC.
The publication did not specify which projects concern the complaints of Australians, but it is known that the financial losses of one of the investors are connected with the Australian exchange Igot. In 2016, after the recognition of insolvency, the Bitlio Exchange took responsibility for its actions.
The country's authorities have not yet officially announced their intention to tighten the regulation of token-accounts and related activities.
These are quite speculative products and they can be quite high-risk. It's been quite well documented that some of these products are scams, so please don't invest unless you're prepared to lose some or all of your money.
Nevertheless, commissioner of the Australian Securities and Investments Commission John Price reminded all investors of the high risks associated with investing in ICO projects.