I believe that it is extremely hard to argue that there does not exist an undercurrent of racism in Australian society, expressed mostly through a lack of sensitivity and general ignorance. Racial stereotyping and the like is not only exasperating and bothersome but also genuinely and deeply hurtful for many, and an added burden during adolescence. I have lost count of the amount of times that my achievements have been derisively put down as the product of hours of work which my parents demanded from me, even when I go to great lengths to explain that this is not the case. Any jokes about my ethnicity are qualified with the statement that it was 'only a joke', which I definitely understand, but the fact remains that it can be incredibly hurtful, especially when it comes from people who I hardly know.
There is also, I feel, a biais which exists against the use of any language other than English to communicate in public. I have been told to 'learn English' (despite the fact I am indiscernable from a native speaker), and 'speak English because you're in Australia'. To reply, I usually ask these people what language they speak when they go overseas to countries which do not speak English (the answer is most assuredly not the language of that country).
I feel as if being a migrant, and all the benefits (such as cultural awareness and understanding, multilingualism, kickass food) which that entails, are not seen as being of any worth to Australia as a whole. I also feel as if my ethnicity itself disqualifies me from the outset from truly being part of an Australian society modelled on Anglo-Saxon ideals. Although I see myself as belonging to such a community, and sharing the values which the nation espouses, many Australians would consider my capacity to be 'fully' Australian to be somehow reduced by the fact I am not Caucasian, something which has been expressed to me by others, and something which I have grown to resent.
Overall however, I feel that Australia as a nation is not as 'racist' as other countries, as it offers a very attractive lifestyle and culture to which many immigrants aspire. Just my two cents.