Australian ISP's To Crack Down On Piracy

xav_jones writes "The ABC is reporting that 'Australia's five major ISPs have revealed their plans to crack down on online piracy by sending warning notices to suspected illegal downloaders while assisting rights holders to pursue serial offenders through the courts.' The idea is that '[d]uring an 18-month trial, rights holders would send copyright infringement notices, including evidence of copyright infringement and the IP address involved, to ISPs who would then send "educational notices" to the internet users concerned.' Further action would entail that '[u]sers who are suspected of further copyright breaches would then receive up to three warning notices before rights holders are able to pursue court action.' This seems a gentler approach than other countries. Will it prove more effective and/or cost efficient?"