Australasian parrot (8)
I believe the answer is:
cockatoo
'australasian parrot' is the definition.
(I've seen this before)
This is all the clue.
(Other definitions for cockatoo that I've seen before include "Crested bird" , "Bird, a type of parrot" , "Australian parrot" , "Lightly coloured crested parrot" , "Illegal Aussie look-out man" .)