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I have reached out to the team that look after the routing and their tests indicate that the ping time Singapore is currently about 49 seconds from Perth, as you can see from the below traceroute.
Can you test again and post your traceroute if you continue to see a high ping?
Tracing the route to 22.214.171.124
1 126.96.36.199 1 msec 0 msec 3 msec
2 i-0-4-2-0.sgpl-core01.bx.telstraglobal.net (188.8.131.52) 55 msec 54 msec 55 msec
3 i-15012.sgpl-core02.telstraglobal.net (184.108.40.206) 124 msec 122 msec 123 msec
4 i-93.istt04.telstraglobal.net (220.127.116.11) 50 msec 53 msec 51 msec
5 unknown.telstraglobal.net (18.104.22.168) 51 msec
unknown.telstraglobal.net (22.214.171.124) 48 msec 49 msec
6 po-2.ce02.sin-11.sg.leaseweb.net (126.96.36.199) 51 msec 49 msec
po-1.ce01.sin-11.sg.leaseweb.net (188.8.131.52) 48 msec
7 184.108.40.206 48 msec 48 msec 49 msec
8 220.127.116.11 48 msec 49 msec 48 msec
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Those routings are from Singapore to Australia, so the routing in that case is controlled by your Web Hosting service's provider (and it is going via the USA - cogentco network).
None of that routing is controlled by Telstra Wholesale until it reaches the telstraglobal.net network.