It depends on the source
The single biggest safety variable is provenance. A medicine prescribed by a doctor and dispensed by a pharmacy is manufactured to standards, labelled, and supervised.
An unapproved product bought online has none of those guarantees — its actual contents, purity and concentration are unknown.
The unknowns
For many peptides marketed today, robust long-term human safety data does not exist. Absence of reported harm is not the same as proof of safety.
Product-quality risks
With unapproved injectables, the harm often comes from the product rather than the molecule: contamination, endotoxins, incorrect concentration, and mislabelling are all documented risks of unregulated supply.
There is no Australian quality check on a vial bought from an overseas website. What is on the label may not be what is in the vial.
Who should oversee it
Any use of a peptide for a health purpose should involve a registered Australian health practitioner who can weigh the evidence, the risks, and your individual situation.