Don't think Aus were all that dominant in 1994. The nucleus was coming together from 1994 to 1997 and their real era of dominance started 1998 onwards.
Even in their halcyon years they did suffer some solid defeats so the suggestion that only Windians of 70s and 80s would beat them is lazy exaggeration. The Indian team of 2007-2010, South African team from 2009-2015, and even the current Indian team would easily go toe to toe against them.