The Copyright Amendment Bill  2006 was passed on 5 December 2006. It is expected to commence by 1 January 2007.

The Copyright Amendment Act 2006 will shortly be is available on the ComLaw website here. The unamended Copyright Act 1968 is available at http://www.comlaw.gov.au/copyrightact1968 and a consolidated version of the Copyright Act 1968 is likely to be available on ComLaw by the end of January 2007. 

The Bill is awaiting was given Royal Assent on 11 December. Some of the provisions in the
Bill will commence on Royal Assent (new exceptions and responses to
Digital Agenda review in Schedules 6-8 and Copyright Tribunal
provisions in Schedules 10 and 11). The encoded broadcast provisions
in Schedule 9 commence 28 days after Royal Assent and the remaining
provisions (criminal offences and other provisions in Schedule 1-5 and
technological protection measures provisions in Schedule 12) commence
on 1 January 2007. 

The Bill as introduced and the Government amendments made in the
Senate and the Supplementary Explanatory Memorandum are available on
the Parliament House website.

UPDATE: Royal Assent given on 11 December.