Within Australia’s reputation as a successful multicultural nation, we explore what it means to be Asian in Australia. We trace how this racialized group has been socially excluded under the White Australia Policy that existed for much of the 20th Century, included in the Asian Century adopted as government policy in 2012, re-excluded during the COVID-19 pandemic, and tentatively re-included in its aftermath. We examine the cursory and contingent nature of racial inclusion in Australia in light of the contention that surrounds the concept and practice of multiculturalism as a political program. The racialized experience of Asians in Australia demonstrates the pernicious nature of white supremacy, even while this settler-nation seeks to consolidate a glowing image of diversity to redeem its racist past. We conclude by proposing that Australia go beyond multiculturalism to adopt systemic inclusion as a basis for a more equitable and sustainable future.