One of the strongest selling points of a regulated ccTLD is security and peace of mind.
What that translates into in practice is that there is a slightly higher degree of control over who gets to register domains.
While this kind of reports are wonderful, deregulation to some degree is also a very positive thing.
So why is MelbourneIT so against the entire idea?
In a recent interview Theo Hnarakis, their CEO, expressed his reservations about the deregulation.
It makes for interesting reading, though you would have to question their motivation.