[Harmless Teddy Bear]

But his real fortune stems from living in Toowoomba, perhaps the only town in Australia where the names of people accused of sex offences aren't published unless they are convicted.

Sounds like a fine idea. I would also include Child Abuse under this law.

These are crimes that we as a society find repugnant in the extreme and once an accusation is made public an exoneration is only a partial stain remover.

[Restorer]

once an accusation is made public an exoneration is only a partial stain remover.

Agreed. Greatly exacerbated by the fact that an acquital is not an exoneration, nor is it intended to be.

An acquital is merely a statement by the jury that the evidence was inadequate to convict. In essence, it is exactly the same thing as Specter's famous Scottish law verdict of "not proven."