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Avo - avocado, because "cado" is just so onerous to say. Increasingly Australians "smash" their avocado as opposed to slicing it, also for laziness reasons. It was suggested by the social researcher Bernard Salt that young Australians couldn't afford to buy property because they blow their disposable income on "smashed avocado" at fancy cafe. As one of the baby boomers who profited enormously from the massive increases in real estate value, pricing millennials out of the market, Salt was fortunate that the understandable backlash to his article didn't lead to him getting smashed himself.

Bathers - swimmers

Battler - 1. Someone of limited financial means. 2. Someone of comfortable financial means who views themselves as hard done by because most of their disposable income goes on their foolishly large mortgage.
Howard's battlers - People who voted for John Howard because they shared his belief in ordinary enterprising Australians doing it for themselves without the interfering government getting in the way, and who were subsequently lavishly rewarded by his middle-class welfare programs.

BHP - Broken Hill Proprietary, a major mining company that was once known as "the big Australian." Its merger with the UK-based Billiton saw it follow the Australian tradition of hanging out in London, doing a little bar work, and ultimately coming back home when things didn't work out--consequently, the company is now known just as BHP. Its namesake hill in Western NSW is now considerably more broken, thanks to BHP mining it until it no longer exists. Nevertheless, as one of Australia's largest companies, it has a proud record of job creation both at home and in Papua New Guinea, where its Ok Tedi mine created many jobs fixing the 1300 square kilometers of countryside it polluted and helping the 50,000 people affected.

Billy - a bush teapot, originally made from an empty tin of "bully beef," and generally stoked in a campfire. Later usage commemorates the prime minister Billy McMahon, whom most Australians wanted to throw in a fire.

Bogan - a derogatory term for lower-class Australians. Bogans may be identified by their flannelette markings and mullet plumage, and are found mostly in Maccas car parks, sitting on the bonnets of the highly polished V8s they collect as trophies. Bogans undertake an annual migration to Canberra for a ritual known as the "Summernats," and are considered an endangered species thanks to their prodigious consumption of Winnie Blue cigarettes.