Except that national law on consumer rights trumps terms of use conditions. It's not just streaming. Another example might be buying songs from iTunes. Apple charges Australian customers more per song than US customers (and probably NZ customers too but I don't know the situation there). Apple has been asked to explain itself to an Australian Senate committee and the matter is not yet resolved. In the mean time, I don't think I'm breaking any law or moral code by maintaining a US iTunes account so that I don't have to pay higher prices. It's really no different to parallel imports of physical goods. I don't think I'm doing anything wrong by getting my friend in San Francisco to buy Clinique foundation and post it to me either. It costs twice as much in Australia for the exact same product. It is Clinique (and Apple) who are in the wrong here as far as I'm concerned.

The former head of the Australian Competition and Consumer Commission, Allan Fels, said that DVD region zoning was illegal in Australian law too. Unfortunately he was too busy dealing with Telstra's monopoly power in the telco industry to do anything about it.