Both reports are similar, suggesting that they are drawn from the same media release. Here's an extract from the news.com.au one:
The HMAS Sydney Search Foundation today announced it would begin looking for the vessel in January or February with $4.2 million in federal funding, $500,000 from the WA Government and $250,000 from the New South Wales Government.
HMAS Sydney Search director Ted Graham said about 1500 sq nautical miles of water off WA's northern coast would be searched, reaching depths of 2500-4500m.
"The scale and complexity involved in such a search is significant, Mr Graham said.
"However, advances in technology, exhaustive archival research and the recent increase in government funding for the search, provide our best chance yet of success in finding HMAS Sydney II."
The search will be coordinated by shipwreck hunter David Mearns, who found two legendary WWII vessels, HMS Hood and the German battleship Bismarck.I shall await developments with interest.