Of course while events like this work in the UK (and Europe), sadly the issue of distance prevents this from working the same way in Australia. I'd guess that at least 30 million people live within 3 hours of the venue, which makes finding teams a lot easier. Also the sheer number of players rated above 2000 who took part (at least 80% of the 250 players) makes the event competitive all the way through. I suspect the only way an event like this might work in Australia is a one-shot event each year, held over a long weekend. But even then I couldn't see more than 60 players deciding to play.
Press,Harry - Burnett,Andrew [E15]
4NCL Northampton, 15.01.2017