The legislation is expected to be both lengthy and complicated. If Parliament passes the legislation, it will almost certainly be challenged in the courts by Aborigines. If native title rights are eroded by the legislation then it is possible there will be an international backlash. Aborigines have already threatened boycotts of beef products and the Sydney Olympics. Compensation for extinguishment of native title on pastoral leases is one of the big unknowns of the Wik decision.
Nobody has any idea.
It could be big, it could end up being small. I don't know. The Prime Minister has promised to help States with compensation. My thanks to the Sydney Morning Herald for providing the above article.