As long as the company's legal headquarters are in the U.S., U.S. agencies have access to the data under the Cloud Act—and non-U.S. citizens have absolutely no legal recourse when it comes to U.S. services
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their HQ is supposed to be in Melbourne, Australia
They mention it only briefly in their publication. Their about page is clearer about that.
Ah, thanks for the hint! Probably better than, but still Five Eyes. The legal details I‘m not aware of in this case.
Which means that not even a European subsidiary will prevent data exfiltration by FVEY. Australia can just issue a TCN to the parent company to add a backdoor to the software used by the European subsidiary.