Seems like there's some major terminology confusion going on in this thread. I'm pretty sure undergrad=Monash and equivalent, graduate=UoM MD etc, and post-graduate=specialisation. Look at the university websites - they're almost always referred to as graduate degrees; not post-grad. Many say post-grad (even me too admittedly) instead of graduate, but I was made aware of this error not long ago. But yeh, Ngage0 has never referred to it as a post-grad degree - he's simply been asking about 'training', as Russ has needlessly corrected him on. I think he knows what he's talking about, and despite the naivety of his overall views concerning overseas training, needlessly correcting technicalities has deviated this thread a bit I think.
But yes, overseas equals bad. I've had several registrars who have been fully qualified specialists overseas, yet have come here and have required to be fully re-trained quite tediously despite their clear competency. Not quite as bad if you decide to come back immediately after your undergrad training, but still, I have a suspicion that they'll throw you into rural places and such initially.