Light can travel over 34,000km in that time. The great arc distance from LA to Sydney is just over 12,000km. In all likelihood the fiber line connecting them doesn't follow that arc, but it shouldn't be too far out of limits. So about 2/3 of the latency is caused by relays and switching equipment.
it gets even worse for satellite, because (until starlink) communications satellites are in geosynchronous orbit, 35,000km above the equator. so talking on one means a 70km round trip, which causes its path to take over 5x more distance than the linear distance (across the surface) between those 2 cities.
No. There were and are other communication satellites in lower orbits. SpaceX did not invent the concept of low-orbit communications satellites. The first satellites of the 90+ Iridium constellation were launched in the late 90s. That system is still online in low orbit today. Before that there were various military/state-owned satellites. The Soviet Union and Russia were big on providing coms to areas where the geo-stationary relays could not, specifically the north, as far back as the 60s. See the Molnya program.
https://en.wikipedia.org/wiki/Molniya_(satellite)
https://en.wikipedia.org/wiki/Iridium_satellite_constellatio...