Re: False premise
They don't need a local office to be collecting revenue. They have two major sources, both of which are available in Australia. That would be payments for advertising and anyone who subscribes to the various levels of check marks. Those payments, coming from Australians, have to go somewhere, and if they're going to be flouting Australian law, Australian law enforcement can act to confiscate or block those payments. Twitter could simply shut down their entire business in Australia, or they could operate the discussion part without any of the parts that bring in money, but I don't think either is that likely. Of course, people can go around an Australian attempt to confiscate payments, but few would. I think the most likely outcome is Australia not actually doing anything to collect on the ever-growing fines, but if they decided they were willing to go to some effort, they could be successful.