erm...
So is my domain name going to be iinet.net.iinet?
yuck.
Mind you, however much they are paying, it's probably cheaper than .au! The Australian domain registry is a tad expensive; probably because Australia is so far away from the rest of the world, and they have to ship the letters in - tech imports are very expensive with our tax rates - can't get the wood these days - they provide employment for tens of Australians - all the usual excuses...