Well - I am not australian and thus dont know all of the rules and regulations there. But I can tell what the staff at the Department of Traffic/Vehicle inspection center in NT said to me and that is that the third party insurance they sold me after the roadworthiness test was passed for my bike [U]does not give any cover in any other state than NT[U] So the socalled interstate agreement you mention is not actually so interstate. And when I did the same thing in WA, got my bike inspected and found roadworthy and insurance was offered for sale to me nobody could really tell me if I am covered in any other state than WA buy that insurance purchased in WA.
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In the end everything will be fine. If its not fine its not the end....
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