Note: there is another error as you've put a comma behind the last Tran parameter country: 
'Australia',	// country

but it should look like this:
'Australia'	// country

full current code with wrong comma in there:

	<script type="text/javascript">
				 var _gaq = _gaq || [];
					_gaq.push(['_setAccount', 'UA-38248786-2']);
					_gaq.push(['_trackPageview']);
					_gaq.push(['_addTrans',
						'317',           													// order ID - required
						'',  									// affiliation or store name
						'92.71',          									// total - required
					'70.6006',           														// tax
					'16.73',              								// shipping
					'Cedna',		// city
						'South Australia',		// state or province
						'Australia',	// country
					]);
				
					_gaq.push(['_addItem',
						'317',           // order ID - required
						'21010',           		// SKU/code - required
						'Neodymium Cylinder - 22mm x 25.4mm',     // product name
						'',
						'32.538',          // unit price - required
						'1'               						// quantity - required
					]);
					_gaq.push(['_addItem',
						'317',           // order ID - required
						'STUDFINDER',           		// SKU/code - required
						'SupaDupa StudFinder',     // product name
						'',
						'43.45',          // unit price - required
						'1'               						// quantity - required
					]);
					_gaq.push(['_trackTrans']); //submits transaction to the Analytics servers

					(function() {
						var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true;
						ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js';
						var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s);
					})();</script>