I don't know much about this Australian comic book except that Kid Koala seems like a perfect name for an Australian comic book.
The character was perhaps created in 1943 by Reg Hicks, most likely for an unknown newsspaper strip. He appeared in at least four issues of the comic book from Wollumbin Press, and the four issues might have been reprinted in 1960. Kid koala is an anthromorphic koala interacting in an otherwise human world. He is lazy, incompetent, and "unclever" -- not exactly a role model for little kids. On the plus side, he is described as a "dinkum Aussie."
The market for koala-based kids comics in Australia was limited. The major competition for Kid Koala was "Kokey Koala," who had a magic button that could take him anywhere in the world; Kokey's comic book outlasted Kid Koala's, going from 1948 to 1953.
Reg Hicks was best known for popularizing the adventure comic strip in Australia, beginning with a 1934 adaptation of Earl Cox's Out of the Silence, the first Australian science fiction novel. among his other strips were Kitty's Kapers, Robinson Crusoe, The Deerslayer, Willy and Wally, Betty and Bob, The King's Treasure, The Space Patrol, and The Adventures of Larry Steele.
The Kid Koala comic books has the appearance of collections of newspaper comic strips, which was mst likely the original intended market for the character.
By the way, koalas can be a little grumpy. At least this one is,
https://comicbookplus.com/?dlid=96834&comicpage=&b=i
Understandably grumpy, being smallish and looking babyish (at rest) for a mammal (and from a mammal's POV)...lending itself to comics, one would think...and even more to a kind of proto-Andy Capp...
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