@Hessah - According to that article the child protective censoring will be optional, but the other blacklist is mandatory. You have to accept it or choose to break the law and go around it. That's what I get out of it anyway. It's likely that the stuff being blocked isn't something most people would care to see anyway, but that's not the point.
I don't have a problem with schools blocking things since that's a public place, but they're talking about forcing blocks on you in your private homes and that's just not cool to me. It slowing down the network is just the turd cherry on top of a mud sundae.
Lots of countries employ certain degrees of internet censorship. Most like the US and (formerly?) Australia aren't really mandatory or very strict. Some, like China, Iran, N. Korea, etc... enforce much greater controls.
List of countries with internet censorship. What this article proposes could bump Australia up from the Nominal category to the Substantial one.