It appears to me that it’s actually the opposite.It looks a bit like the ghosts of Dibb and Beasley are still running Labor’s defence policy, if these early leaks are accurate - back to fortress Australia. Let’s hope not; that is a discredited concept.
The focus seems so be on a lighter, more deployable expeditionary force - but deployable to the archipelago to our north rather than to fight a land war in Eurasia. This neatly explains the expansion of amphib capability and the swapping of tracked SPH for lighter and longer ranged wheeled HIMARS. A focus on heavy armour would unavoidably result in a less deployable force.
I think this is a sensible shift as, frankly, the likelihood ofus needing to deploy a mass of armoured troops to the Middle East again any time soon is very low, With fracking turning the US into a net energy exporter and a green energy revolution underway the region is increasingly less relevant.
That said, I think other commenters are 100% right that keeping a sovereign manufacturing capability for IFVs, SPH and probably Hawkei warm is really important in case of mobilisation. And it looks like this is where we are heading.