The system in place in Canada for the .ca domain is very similar to the system in
place in Australia. The restrictions and limitations you describe are identical.
These restrictions and limitations are the reason why in Canada the majority of
businesses have turned to .com as the default domain of choice. I'm certain
that if you have a look around in Australia you will see the same trend.
In fact,
one could argue that the reason .com has become the global powerhouse that it is,
is primarily due to the fact that most other domain extentions are mired in bureaucracy
and restriction. In Canada we are slowly trying to learn from this mistake by "loosening
restrictions". By and large it is too late, because .com .net and .org have basically
eclipsed the .ca extention in the mind of the business community and public.
In
fact, the reason people cyber-squat on a popular company name in a particular name
space or domain extention is because those individuals know that the company or individual
who's name they hold will eventually want that domain name, because the other more
regulated domain spaces are too restrictive and unpopular.
The lesson here is that
if you want a name space or domain extention to thrive and you want to curb cybersquating,
less restriction on domain extentions is the answer, not more.