It has the "ring of truth" about it for me, as well. In fact, I want it to be true.
I want it to be true, because I see it as a mistake. konceptual and freddo make good points. And they probably reflect Watchtower thinking. However:
(1) Watchtower will have to keep printing its rags for its field work, etc. Printing half as much paper doesn't halve the costs. I just can't see JW's going door-to-door with a tablet in their hand, and even if they do, they will still have to leave something behind with the householder to make it worthwhile. Also, what are they going to stack their trolleys with? So JW's in Aust (and NZ) will still need lots of printed material.
(2) Yes, nobody will donate for their rags in this day and age (and that is why I said their business model is broken, in a thread some months ago), but they have to keep producing them for their style of preaching. There is no real halfway option.
(3) It is one thing to have one printing branch in, say, Europe or North America, where you could distribute by road or rail around the whole continent. Asia and Oceania combined is huge. For Australia, they would have to airfreight the printed material from Japan to Australia, over a distance much greater than between London and New York. If each Australian publisher were to need even just 20 Watchtowers/Awakes per month, my rough calculation is that would amount to 100 tonnes of airfreight per month. That is nearly a full Boeing 747 freighter per month, flying a third of the way around the world, just to supply Australia, alone.
So I am not disagreeing with anyone. I just think that it will prove to be a mistake by Watchtower.