I may have missed this, but have there been any specific accusations against Huawei? It is clear Chinese actors hack and steal IP, but have those been connected to Huawei, or are they just the easiest victim for the US to retaliate against?
Nothing new this time around that I know of, though Huawei has admitted to specific allegations many times in the past (e.g. wholesale stealing of Cisco's software in 2003, got caught physically stealing Motorola wireless tech several years ago, etc). Huawei were banned from sensitive infrastructure in Five Eyes for security reasons circa 2013/2014, along with Lenovo (against which there were specific allegations IIRC).
This is just an expansion of official government policy put in place during the Obama administration to the rest of the private sector.
I'm not sure this is really about Huawei at all, so in a sense it doesn't really matter if they have (up to now) done anything wrong. It's really about the extent we feel comfortable trusting the Chinese government.
Now obviously, every country has its own agenda, but there are (arguably) stronger reasons to be concerned about China than most others. They are undemocratic and suppress significant parts of their population (the Uighurs, Tibetans, Christians, ..), don't believe in free speech or freedom of religion, but also have a large economy and military presence. Now of course, other countries are not saints, but the differences with China (and in particular its disregard for human rights) make future disagreement much more likely.
None, Australian government has banned Huawei for government work. Me and others have demanded the government to ban them from consumers but no. Huawei is allowed to sell to unsuspecting businesses/consumers in Australia.