As far as most people would be able to tell, the Federal Police would have just raided you on an anonymous tip, seized your computers and found material you never knew was there…
It’s still heinous misconduct, but they’ve legalised 80% of the process and the level of secrecy around these agencies is so ridiculously high and the accountability so low, so it’s a lot less of a stretch now than it was just months ago - if they really feel you deserve it…
You would need to both know it happened, and be able to prove it happened, and the usual targets for something like this (journalists) can usually only suspect the former at most.
It's one of the most dystopian laws I've ever seen.
However, entrapment as a legal defense is less an overall a defense and rather a reason to exclude a particular piece of evidence from the case. There will also likely be no punishment for those who attempted the entrapment, even if the evidence ends up being excluded.
Australia does have other mechanisms by which something similar may sometimes be used, such as conflict of interest (such as in the Lawyer X trials) are more appropriate defenses, where the US may simply use entrapment.