Is Coinbase legal in Australia?

Could you please clarify for me, is Coinbase considered legal in the territory of Australia? I've been hearing differing opinions on this matter and I'm eager to get a clear answer. Given its popularity and widespread use, it seems logical that it would be recognized as legitimate in such a developed financial environment. However, with the complexity of crypto regulations, I'm not entirely sure. Could you elaborate on this matter and provide any relevant information or documentation that might support your response? Thank you in advance for your assistance.