The amber comes from an ancient rainforest that must have existed between Australia and New Guinea. Up until now there were almost no remains from that area, because they’re underwater, I guess, and some landlubbers don’t enjoy venturing into the depths. Especially in far north Queensland with the box jellyfish and what not.
Best part is, the amber contains insects preserved a la Jurassic Park. They have found a prehistoric spider, ants, and wasps as well as a brand new species of beetle. Some of the amber has been taken to the European Synchrotron Radiation Facility, where they have scanned the insects and built large scale models. *Want*
The New South Wales University have a press release with pics of the beetle.