Dumbo the Flying Elephant

 

http://www.yesterland.com/dumbo.html

Of course Disneyland Australia would need the iconic Dumbo the Flying Elephant ride with flowing water fountains and Timothy Q Mouse on top

I like the double Dumbo which is part of the storybook circus as part of New Fantasyland at  Disney World, but since Disneyland Australia would be a smaller park it would be unnessessary.