Thanks for the guidance Ardydublu.
I have been investigating deeply the options and it is indeed a complex labyrinth of both technical and regulatory issues.
While the Taurus is very attractive - I have concluded it does not suit my objectives mainly because of the engine configuration. The combination of 2-stroke, pop-up and the placement means the operation of it is very constrained. It really needs to thought of as a "self launching glider", i.e. the motor is not worth much more to you than a tug plane is at your airfield. It is great for a launch - but is an 'all or nothing' motor system. i.e. Full power or closed. It cannot be used for joining the circuit with other power planes for example. You cannot cruise or idle with it.
Also, the pop-up configuration introduces a lot of drag, so with it up you start coming down fast. Combine this with the reputation of 2 strokes as not being that reliable, and your ops need to consider going for an engine start with around 3,000 ft to go, allowing for a failed start procedure and still having enough height for a safe glider outlanding. None of this meets my needs. If I lived on a farm in central NSW it would be great - but not for operating out of a local RAA/GA airfield like Lilydale.
I then turned my attention to the Sinus - the same wings as the Taurus on a conventional fuselage with a 4-stroke Rotax out front. Not as attractive, and not as good gliding performance, but a pretty capable glider and all the operational flexibility of the Rotax.
As I tried to sort all the mixed messages about soaring and the regulations, I went to the source and asked the RAA on their position on engine off operations of an RAA aircraft - and the answer was pretty definitive; you are not allowed to turn the motor off in an RAA registered/operated aircraft (The only exception is an instructor demonstrating specific emergency procedures.)
So if I want to go soaring in a Sinus (or any other LSA style aircraft) I must register it with GFA and operate fully under their procedures.
So that is my next step; what exactly does it take to get GFA endorsed in a motor glider and get independent ops status? I am heading down that path now .....