Reminds me about another aussie slang word,which I can't mention here the c word .
What is used as a compliment
If it is the 4-letter c-word, then I have never heard it used as a compliment in the 51 years since I was born here. If you compliment someone with that word, you will most likely get a smack in the mouth & find yourself out the door very quickly. The police might even be called if it was said to a woman. You can use the F-word on TV, you can use the S-word on TV, but you cannot use the C-word, except in the rarest of cases with strong warnings about offensive language before the program.
I just hate the word anyway, because it is extremely misogynistic.
Aussies will often tell foreigners that really offensive things are compliments in Australia, just for the fun of watching them get in a little bit of trouble. It is called "taking the p*ss" - a great Australian tradition.
A more commonly used compliment is the word "bastard", but you have to careful to say it the right way. It can be a compliment, but it can also be a strong insult. I'm afraid you come from a part of the world where the accent makes it sound like an insult. Scots, the Irish, and those from Yorkshire can easily get away with it though.