CASA Drone Regulations - Australia

Picking up some bits at electronics store and found attached flyer on the counter as I paid. 

My understanding (as someone with a UAS Controller's Certificate) was that you could not fly any drone above 400 feet without an area approval from CASA. The flyer says that this restriction is only valid in controlled airspace.

Ergo...I can go out to the country and fly up to 10,000 feet!  What am I missing?

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