No. Access to the US market is pretty standard these days and you should have no problems trading from Australia (apart from the time difference).
When you open an account you will be asked to provide identification to show who you are and where you live, so it will probably be easier to open an account with an Australian broker than an American broker. You will be expected to sign some IRS forms to show your tax status, but that’s really all it takes.
The IRS (US tax authorities) will expect you to pay tax, the amount will vary depending on the tax treaty between the US and Australia. They are likely to withold approx 15% of your divident income, if the IRS thinks you owe any more than that they will write to you.

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