Australia has been tightening how alphanumeric sender IDs are handled. The ACMA Sender ID Register exists to stop scammers spoofing bank and government sender names, and the practical effect for legitimate senders is that a branded sender ID increasingly requires registration rather than just setting a string in an API call.
For a startup sending OTPs or transactional alerts, this matters more than the per-message price. An unregistered sender ID that gets filtered is a login flow that silently fails, and you'll discover it through support tickets rather than error rates.
Verify current obligations with ACMA directly before you build, the regime has been changing and vendor documentation lags it. What to ask any provider: do you support registered alphanumeric sender IDs for Australian traffic, do you handle registration on my behalf, how long does it take, and what happens to my messages while registration is pending.
Local aggregators generally treat this as routine because every customer needs it. A global platform treats it as one country's regulatory exception among a hundred, and the documentation reflects that.
The other Australian obligations: opt-out handling on marketing messages under the Spam Act, and, for regulated industries, evidence about where message content is stored and processed.