I'll rewrite that for you: "ALL such legally imported factory supplied equipment plugs ARE correctly polarized" or "ALL such factory supplied equipment plugs ARE required to be correctly polarized" . . .
As to what's actually out there in service down under, especially on 'red peril' variacs, YMMV.
However there is clear benefit in making sure its correctly wired as the O.P. proposed, both the fuse and switch are in the Line, not the Neutral, and that the incoming power cord's plug is wired correctly. While its on the bench, the O.P would be well advised to upgrade it by fitting a fuseholder (or a miniature panel mount circuit breaker if there's room and you can find one with the right current rating for an affordable price) for the output as well.
Over here in the EU, external mains fuseholders that can be opened without the use of tools have been banned on new equipment for many years . . . .