Markups by "official importers"
From what I've heard, the "official importers" are a large part of the problem. I've had this discussion several times with shopkeepers who sell mostly imported goods. The story is that they are forced to buy through these "official" sources who charge a massive markup for their services.
In one case, on a visit to England, I bought a pair of reasonably good handmade shoes for 80 pounds (around AU$125) - not cheap, but not exorbitant. A few months later, I took them to my local specialist shoe shop in Melbourne to get the heels fixed. He immediately remarked on my "$500 shoes", and asked where I had got them from. When I told him what I'd paid, he almost cried. He was paying much more than that wholesale. I immediately asked him why he didn't bypass the wholesaler and buy direct - he'd make a good profit even if he paid retail prices. His reply was that he wasn't allowed to. He'd be put out of business if he got caught, and so would the supplier who sold to him. Apparently, the manufacturers appoint a legally-enforcible "official distribution channel" for each country they export to, which must be used.
I had a similar experience with engine spares. I needed a new magneto for a small American-made agricultural engine (Briggs & Stratton). The best price I could get here was around $200. I got the part from an American online supplier for $30 plus $30 shipping. I then went back to my local shop to ask why they didn't use this supplier, and I got the same story. If they were caught, they'd be stripped of their dealership rights and forbidden to sell anything carrying the Briggs & Stratton logo (basically, just about all Australian agricultural equipment). The risk was too great.
This is not the only problem. In many cases Australia imposes stringent type-approval rules, which are deliberately kept out of step with the rest of the world (mostly to protect the local manufacturers - who are largely non-existent). This partly explains why imported cars in Australia are so late arriving and so expensive - it's not worth the manufacturers' efforts to make a special "Australian" version of everything.
However, I think a start could be made by outlawing the draconian practices of the manufacturers with their "official importer" rules, and their penalties for trying to bypass them.