Bugger! I was counting on you saying "no thanks" ...
Mike, the devil is in the details. There are differences in the exemptions and conditions of flight. I've not spent a lot of time trawling through 95.32 as I don't fly or own one. Hopefully someone who does will join in. Anyway.....
95.55 - Three axis, up to 45knt stall, 600kg MTOW, yadda yadda yadda....
plus this for owner builders
Usual disclaimers apply. Speak to your instructor, CFI, lawyer, etc., for proper advice.
Edit: Insert links to references used
http://www.comlaw.gov.au/Details/F2011L00617 - CAO95.55
http://www.comlaw.gov.au/Details/F2011L00615 - CAO95.32
http://www.raa.asn.au/opsmanual/2-15.pdf