I do agree with you - the reason I picked on Aust. J. Chem is because I don't use it much, and the only thing of note I remember from it is a short article on "Recent advances in the Negishi cross-coupling reaction" which was really not worth the paper it was printed on!
But yes, the quality of the refereeing is crucial, and yes, Tet. Lett. is something of a joke if you want any real information. In fact, there's a paper on the way (not one of mine) which proves that a particular compund was never made by the authors of a Tet. Lett. article, and in fact, the spectral data is incorrect for both what they did make and what they claim to have made!