I am not a member of any of our Australian Locksmith associations yet, so this is second hand from a member of the executive of our main association. THey have regulation in other states here, but not ours yet, and they cannot hold our annual conferences in these states because the way the regulations have been written will not permit people from overseas etc come here and do training courses etc. as they are not licensed here and citizens here , with police checks etc.
The list of things seems to go on and on and the reality of what we will probably end up with is just another form of tax, and beuracrats to deal with, slow us down , and muck us around.
But yes, it might give a small amount of added confidence to the general public.
I dont think they have any problem at the moment though.