Which side of the table is Telstra sitting on?
As a 50% owner of Foxtel and with a near-Monopoly position Telstra are going to be far less affected should the Content Lobby get their wicked way. Telstra would hardly lose sleep over having all the small and medium ISPs buried under the legal burden the Rights Holders want to foist on them.
I support the right of the Copyright holders to market (or not) their product any way they see fit, but I don't support them trying to offload their enforcement costs onto other people, nor their attempts to criminalise a matter that is already covered by civil law.