http://www.reuters.com/article/us-southchinasea-indonesia-australia-idUSKBN16E0D0
The real reason is that Australia also ignored PCA ruling in favour of East Timor and didn't recognise PCA jurisdiction. Therefore, it's improper for Australia to continue to support PCA ruling in South China Sea or it would face a backlash.
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If USA can ignore WTO ruling and Australia can ignore PCA ruling, why can't China ignore PCA ruling too? A rules-based system must be applied universally, not selectively and applicable across the board.
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