Joe, with respect, I disagree.
If it is monetized - and taking into consideration who the new registrant is - it would fall under the
current domain monetisation policy.
http://www.auda.org.au/policies/auda-2008-10/
4. DOMAIN NAMES REGISTERED FOR PURPOSE OF DOMAIN MONETISATION
4.2 If a domain name resolves to a monetised website then auDA is entitled to regard the domain name as having been registered for the purpose of domain monetisation under this policy. auDA is also entitled to take into account a pattern of conduct on the part of the registrant in determining whether or not a domain name was registered for the purpose of domain monetisation under this policy.
(And this is the killer)
4.3 In addition to their obligations under auDA Published Policies and the Registrant Agreement (domain name licence), domainers must comply with the following conditions of use:
b) the domain name must not be, or incorporate, an entity name, personal name or brand name in existence at the time the domain name was registered.