We had a discussion on region free Blu-ray players here. There are three main options: import a cheap second BD player from the other region, buy region free modified firmware for your current player, or buy a hardware modified region free player using the popular ICOS mod chip. Each has its...
As does the regular UK MOC plastic case version which I have, in case people don't want to pay a premium just for a steel case.
The region B code logo generally indicates region locked B in Australia. Offhand I can't remember any movies I've bought locally with the B logo that have turned out...
Lifeboat is out today in Australia, as seen here. I don't have any details on whether it's region free, but I'll see if I can find any details on the back of a copy in-store. I already have the Masters of Cinema release of the film, which is excellent, so I won't be buying this.
/EDIT: Checked...