All states now follow a uniform set of National Road Rules, so it doesn't matter what state your in (except the states of "insobriety" and "under the influence of drugs" ).

So yes, you are legally entitled to ride up the left side of traffic to the front of the queue if you want to.

Two things come to mind tho:

Often the path down the left side is blocked by a motorist too far left. Is it OK to lanesplit to get past the blockage?

Being at the front of the queue now puts you in more danger than if you had stayed in the lane of traffic, because you're off balance and not clipped in for the first few metres and drivers behind you cannot determine a predictable path. Should there be an amendment to the rules to allow cyclists to legally roll through red lights when cross traffic is given amber (and where safe) so they can get up to speed without hindering traffic?

[edit]if you get bored you can read the entire thing here: http://www.rta.nsw.gov.au/rulesregul...austr_dl1.html [/edit]