Not sure if others have posted about this before but I just discovered the Geoscience Australia Gazetteer 2010 release under CC-BY 3.0. (Well actually I think it is as that is what the PDF front page says in the download. It also says copyright resides with each contributing agency so I don't know how to interpret that. That should be resolved before an use of this data in FOSM.)
http://www.ga.gov.au/meta/ANZCW0703014255.html I've also converted it to the OSM XML format http://tianjara.net/data/osm/imports/Gazetteer2010.tar.gz using this script https://gist.github.com/1876009 It contains a lot of names. Useful names. It seems like the accuracy is very rough though (lots of points clumped together). This is directed to osm-fork, but I've CC'ed talk-au as it may be of interest to you too.
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