Buying a bike is no problem for non residents, just pay the money. The only minor problem can be an address for for your registration - but can be overcome by using friends or even the hotel/hostel you are staying at for a few days. If you buy new from a dealer they will do the lot for you - registration, insurance, etc.
http://www.transport.qld.gov.au/home.../licensingrego gives info about Queensland, there can be minor differences between states.
All states have compulsory third party injury insurance as part of the registration process. Bike insurance for property damage is something that has to be sorted out with a local insurer - check the motorcycle press or yellow pages directory.
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