I dont know the exact wording of the law, but I was walking down the street of a nearby town with the belt pouch in plain view.
The police officer involved was young and clearly suffering from uniform syndrome. (Put on a uniform and thinks he is .... (You get the picture)) They also are told they must get a quota of convictions each month (government denied but talk to an officer on the quiet and get the real story)

If it was just a blade I am sure I would have lost it and got a fine, but because it was pliers etc I talked myself out of it but was told I shouldnt do it.
The local police leave me alone, but I do know a couple of them, so they know I do use them for work etc.

I think there is a blade size limit but it doesnt matter if its a lock blade or not. Hence I dont carry knives 97% of the time, but I have an assortment of multitools I always carry.
To make things worse I life near the border of 2 states so I have 2 lots of laws to deal with.

WARNING: Rant follows, for those who dont wish to proceed turn away now!

Our gun laws a stupid as well and our government now has the mentality on not governing for the people and just doing what it likes.
for example it is moving through paliament to sell a government owned asset called Telstra. 70% of the population say they dont want it sold but its pushing through the legislation anyway.

Some years ago there was a mass shooting and the Government banner semi auto riffles and semi auto shotguns and guns with magazines that hold more than 5 rounds (or it maybe 7, cant remember exactly)
But the joke was they organised a buy back for these weapons but didn't pay out on unregistered guns only registered guns. So some people was turned away with the weapons.
Now we have the criminals with the banned weapons and the rest of the population are becoming ready made victims.

If you look into history you will see that PHRASECENSOREDPOSTERSHOULDKNOWBETTER. disarmed the population so it could control them.
The government is now gearing up for the next lot of banning weapons.

And in the name of fighting terrorism our laws are looking like what Saddam used to do in Iraq. But with out the torture of course.