Riot has taken heed to the outcries of the Oceanic community and will be having dedicated Austrailian servers online before the start of 2014./hnice]

Australian players who choose to transfer will no longer have to feel the pain of playing with more than 200 ping and thus allowing skillshots, last hitting, and general gameplay mechanics to become a lot smoother.  Though an official release date has not been confirmed, Riot has been opening up many servers for different regions recently.  Here are some statements regarding questions asked within the official forums by a Riot employee:

Quote: Originally Posted by EFG  While thats promising there are some issues that could use some immediate attention. The biggest one being our inability to choose which server group our games are currently assigned to. I get 180ms to LA and 220ms to the other servers (Washington?). Why is there no way for me to stop getting assigned to games on the non-LA servers to avoid the extra latency? While this isn't a long term solution it would ease the pain somewhat until the Australian servers are in place and I'm sure that a lot of north Americans would also appreciate being able to choose the servers closer to them too. We could start working on that but give or take, a project like that would take a month... Would you rather us working on setting up the Oceanic platform or delaying this a month and develop a feature that likely won't be useful in the future?
  Quote: Originally Posted by combat  Thank you very much for the update! It is so appreciated. Perhaps you could come in once a week or so to continue to give periodic updates? Thank you very much and we look so forward to the servers. Hey combat, thank you for the suggestion. I won’t commit to a weekly update because some weeks I might not have any update, but I will try to update you guys more often. 
  Quote: Originally Posted by yoshiwaan  As a fellow Sydney ITer, are you allowed to say which DC you picked? I'm interested. It also reads like you're only getting 1 web developer, Sysadmin, Noc technician etc. I would have thought there would be more? Or was it just the wording. Again, I cannot tell you which IDC we chose, but regarding your second question, yes, that was wording. We are hiring more.
  Quote: Originally Posted by NZ Firetruck  Cool! Thanks for the update MasterMirk, It's nice to be kept abreast of how everything is progressing. I note that you're looking to hire an e-sports director and I have a question regarding e-sports for the Oceanic Region. Are you planning to set up an LCS style league for season 4 if the servers are out in time? Would be really cool to see local players competing in a consistent league. I understand that this might not be a realistic goal, but it's definitely something that would be really cool. Also is it likely that there will be spots for Oceania at season 4 world finals? Hey NZ, eSport plans are not finalized. Our ultimate goal for Oceania is to develop eSport to professional level. This might take some time though as PRO eSport needs to be fostered from the bottom therefore for the first period we will focus on semi-pro organisation development.
  Quote: Originally Posted by BoozBear  Id firstly just like to say thanks for the official response on this thread! Was so stoked when i saw it. Secondly i would like to politely ask if its at all possible for you to tell us if you THINK (not if you know) that the servers will be up in Aus before the end of the year? Having some sort of idea even if its not a official post would be cool. If not at all possible i understand but thanks anyway.

For sure before the end of the year.

You can read the rest of the responses here