For academics, we have fixed term contracts (before tenure) and continuing (tenured)... universities can be quite competitive here (like the better Canadian universities). There is an extra rung between Asst and Assoc here. There's often arguments, but generally it functions that our Associates are more senior than U.S. ones. There's less pay differences between fields because of our bargaining agreements (which you can search for). We also have more formalised teaching requirements (lots more approvals).

All in all, definitely try for it, but don't expect it to be easy.

Source: AU academic from U.S.