This deal has been on this site a couple of times in the recent past. Add shipping @ $19, it is still a great deal. I believe you can also pick up in store in Victoria (multiple locations). It comes with 4GB console and one wireless controller.
Xbox Slim 360 4GB - MLN Budget Deal Live Again for $149!
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we will see these hit $99 before the years out
http://www.ozbargain.com.au/node/95022 MLN: Xbox 360 4GB Console $129 + $19 Shipping OR Pickup In-Store [VIC]
http://www.ozbargain.com.au/node/95799 Xbox 360 4GB Console $129.95 + $19 Shipping or Pickup in VIC (Back by Demand)
Not as cheap as the previous deal.