I’m not sure why people think prices will go up. There is no new law here. New Zealand has had this law for decades. The difference is that Apple now has internal policies that fully recognise the Consumer Guarantees Act instead of consumers needing to bring Apple before a tribunal each time it disagrees with what a ‘reasonable’ period of time means.
Agreed. The New Zealand law is strong and has been tested to show that a decent laptop has a "reasonable" life expectancy of at least five years. That's why it's more expensive to buy Apple gear in NZ, and why Applecare is somewhat irrelevant here. To be fair, Apple has always been good at this and rarely needs to be "brought before a tribunal".
This is just a note that makes it clear internally within Apple that they won't question anything under three years. On the other hand, within Australia this is probably something of an improvement as the law there isn't currently considered to be unquestionably three years.