I prefer Quality also, but since I am playing Devil's advocat here...
I wish had more time for this!!!
Assuming some small raids (Chinese commandoes from trawlers, a mini-sub following under a cruise-ship in Melbourne). What ships will stay and what ships would be sent to Taiwan? Could they make it in 48 hours?
Hypothetical sceario- a rapid pull-out leads to an Islamo-Fascist victory in Iraq in 2008, and the new US Goverment adopts a policy of appeasment. This could radiacly slow down a US response to a threat to Taiwan, or any other war. How would that affect deployment of Allied forces?
The first thing that would happen, would that State police based special operations (SWAT if you must) would respond, there'd be a fairly violent clash, and your State sponsored terrorist scenario would be over. F-111's would probably be used then to sink the trawler in another Government "demonstration".
Quite a few people would die. Real people. Not electrons.
Next, we'd keep their money, but probably stop sending them natural gas and coal. They've signed a US $20b contract with us, guaranteeing them access to these resources and we are more than happy to sell it to them. However such an idiotically designed "suicide mission" for NO benefit what so ever, would turn the Australian Government away from it's good current relations with the Chinese.
I doubt ANY large military assets are going to deploy anywhere in 48hrs without proper battle preparation and "work ups". This is not a video game, you are discussing real life scenario's and you therefore need to take reality into consideration.
Why they would want to jepoardise this I have no idea. How long do you think the insane leader is going to remain in power, when the people are freezing to death?
If the USA wouldn't fight for Taiwan, Australia CERTAINLY wouldn't. If the USA adopted a policy of appeasement (though again a major legislative change in the USA would be required for that) Taiwan would be re-integrated into China shortly thereafter I'd imagine.