Does Festool Australia offer the Theft replacement option in the warranty like other countries around the world do?

No, Euro Tooltechnic (Festool Australia) is the importer of the Festool brand in Australia. As such not all 'Festool' services are available for the Australia including services like the Mobile App and Theft Protection.
Some services and products that are offered in Europe are not available for certain countries so as the importer we only offer the services and products that Festool support us with.