Nope, I would never write institutionalised with a z. 
That's precisely my point, actually. I never suggested that racism has been completely eradicated, nor am I going to question OP's experience - my point was that cases of racism are limited to the individual level, rather than being a real societal issue in Australia. People of different races do have equality of opportunity - this board is a fine example of that. Therefore, it's not really right to suggest "white privilege" nor that racism towards Whites is justified in any way.
I don't think this discussion is benefitting anyone, and is probably inappropriate here.
The issue of racism in Australia is one of great complexity. However, first I'd like to talk about what you have said, which is effectively, 'Whites don't have an advantage'. You really do have an advantage in Australian society being white, the large disproportionate amount of people on television in Australia are white. A disproportionate amount of CEOs are white. Any industry where it's desirable to be in, it's an advantage to be white. Anecodally, my GP was an orthopaedic surgeon when he was living in Egypt, since he's come to Australia, he's had to work as a GP because he can't get any one to review his work within the college of orthopaedic surgeons, he pessimistically said on the matter, 'If I was born here with white skin, I'd be an orthopaedic surgeon by now.' I'm not going to go into research to prove this, frankly because I can't be bothered, maybe someone else can?
Racism in Australia is a complex issue because we are such a multi-cultural society and as a result, there's not a commonly defined social standard, there are no cultural values. Take it this way, I am from Serbia, in Serbia, we always talk of the other ex-Yugoslav nations with racist jokes, yet this is something of a paradox to us because by definition for us a joke cannot be serious and thus cannot have a serious racist premise. For instance, the Slovenian philosopher Zizek nails this with his anecdote as follows. One of my friends, who is from Montenegro came over to my place the other day (and Montenegrins are stereotyped to be very lazy and there are a lot of earthquakes in Montenegro) so I said to him, "Jure, how do Montenegrins masturbate? They put their dicks in the ground and wait for the earthquake."
We see nothing wrong with this, we are of different religions, different skin tone, and yet we are happy to joke about it, we thoroughly endorse it.
Anglo-Saxon Australians, however, are very politically correct and personally, I hate this position. I mean, when the government pays out Asbestos victims but merely issues an apology to so many of the 'stolen generation' and they get nothing, nobody bats an eyelid aside from a few university students with too much time on their hands. But when a bloke makes an innocuous joke on radio about Adam Goodes who has a clear track-record of not being a racist and it is beyond obvious he was merely joking, everyone loses their shit. I just don't get it.
So, from a personal experience. I was playing soccer last year with a coach who was of Balkan descent with many Anglo-Saxen players in our team. He'd openly say things like, 'Kenny you daft Scottish bastard' and Kenny would be up in arms at the apparent racism, but I understood, it's just the way we explore cultural differences in the balkans. Now, you can say, 'yes, but we're in Australia', which is precisely my point, a problem with our multi-cultural society is that there is no standard moral point of view, if we are to be multi-cultural, we are then equally accepting my coaches position on 'racist jokes' as we are that of the player. Otherwise, we're not in multiculturalism, we are merely forcing immigrants to adopt our culture, which paradoxically, is also considered racist.
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