I learned a different version in Southern California Girl Scout camps in the late 80's and early 90's (I don't remember exactly which one I learned it at).

Australia
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Australia is a very fine place
Look away, look away.
To come from there is no disgrace
Look away, look away.

(chorus)Look away my bonnie, bonnie boys
Look away, look away.
Look away my bonnie, bonnie boys.
We're off to Australia.
Boom, boom, boom, boom
Boom, boom, boom, boom.
Ittie, ittie, ittie, ittie
Oompah, oompah, oompahpah.

Australian girls are very fine girls
Look away, look away.
They comb their hair with codfish tails
Look away, look away.

(chorus)

Australian boys are very fine boys.
Look away, look away.
They slide down hills on codfish tails.
Look away, look away.

(chorus)

Australian dogs are very fine dogs.
Look away, look away.
They eat up all the codfish tails.
Look away, look away.

(chorus)