The ICA, a non-profit trade body representing domain name investors, website developers and related companies, had pointed out that a change to investing in domain names would affect the practice negatively.
In a statement issued six days before Monday's meeting, the ICA said: "While auDA has never had domain name investment-friendly policies, these new proposed changes make things decidedly worse and threaten the very existence of investment in Australian domain names."
On Monday, the ICA issued a statement congratulating Australian domain investors "on the rejection of certain proposed policy changes in the Australian namespace which would have had a detrimental effect on domain name investors and on the Australian namespace".
auDA has not issued any statement about these changes.
The ICA statement said the auDA management had “abolished” the domain monetisation rule for the com.au and net.au namespaces.
“A person….will be able to use [their domain name] for any legitimate purpose, including domain name monetisation or domain name investment. This is consistent with the approach in other ccTLDs, including .ca, .nz, .fr, .uk and .de domains," it said.
"The ICA believes that the rejection of these proposed policies will ensure the continued viability and success of the .au namespace and expresses its appreciation for auDA management’s clear rejection of these wrongheaded policy proposals which would have dramatically affected domain name investment in Australia."