I think this logic is silly.
Employers don’t own you, so witholding wages for services you provided isn’t stealing. Getting a haircut and not paying isn’t stealing.
I think the better justification is: rights holders make it a pain in the arse to access content affordably, so fuck you, just going to steal it.
You can bet Australian users will be entitled to a refund, should they be affected.
Similar to how “no refunds” didn’t fly with steam in cases where people are entitled to a refund under Australian Consumer Law.