Shaking hands when meeting and leaving is very common. The people of Australia are very friendly and open. When attending a formal or informal party it is expected to bring small gifts of wine, chocolates or other Australian delicacies. Australians appreciate humor and often tend to be quite humorous themselves.
Australians are very direct and to the point, they do not need long relationships before they are willing to do business. It is appreciated to arrive on time, or even a few minutes early to meetings or appointments. Australians are very to the point and direct, even in negotiations. There is very little small talk before serious negotiating. They also expect little bargaining. They expect your initial offer to have small margin for negotiation.
Business dress is conservative in the major cities such as Sydney and Melbourne. Men wearing dark colored conservative business suits and women wearing a business suit or dress. It is customary for business cards to be exchanged at the initial introduction. Australians take punctuality very seriously so arrive early.