Australia seems to be taking a different path than the U.S. and Canada, since the ten-year Australian visas for Chinese will apparently be very highly priced:
"Focusing on China, it is acknowledged that the Government has announced that it will move to online applications by the end of 2016 and will be introducing a ten year multiple entry visa. Currently most Chinese tourists have to fill out a 21 page paper form which has to be submitted to a visa office along with complex identity documentation, it costs $135.
The new ten year visa will cost $1,000."
https://www.acci.asn.au/sites/defaul...ion_policy.pdf
At that rate, assuming China sets a reciprocal fee, I'm not sure there'd be great demand for a ten-year visa from Australian travellers.