You need to take into account that the law in Melbourne is not exactly the same as the law Brits are used to (and used to ignoring) when they drive.
Legislation enacted by all the states of Australia makes it a specific offence to drive a car in the manner described and whether it is Lewis Hamilton or the yoofs in their souped up Citroen AXs committing the offence they are all subject to the same penalties.
The State of Victoria Road Safety Act 1986 (as amended) codifies it thus:
65A. Improper use of motor vehicle
(1) A person must not drive a motor vehicle in a manner which causes the motor
vehicle to undergo loss of traction by one or more of the motor vehicle's
wheels.
Penalty: 5 penalty units.
(2) In a proceeding for an offence against subsection (1) it is a defence to
the charge for the accused to prove that he or she had not intentionally
caused the alleged loss of traction.
http://www.austlii.ed.../rsa1986125/s65a.html
Aussies are routinely prosecuted for this and receive their fine (currently 5 penalty units = AU$584.10), licence demerit points and the recently introduced sanction of vehicle seizure...
http://www.austlii.ed.../rsa1986125/s84g.html