At which level (D or E) should I apply for an advertised faculty position in Australia? I am putting together an application for an academic position that has been advertised as either level D or E at an Australian university (equivalent to full professor or chair professor in the US). The selection criteria are slightly different, depending on the level at which I apply, and I need to specify which level I am applying for in my application. I would happily accept the role if offered at level D, but would also be a credible candidate at level E. 

My publication record and h-index are comfortably on par with existing level E professors in the department, my grants and funding record is good, and I would also bring the industry experience and leadership skills that they are looking for. On the other hand, I am not a shoe-in for the role, even at level D: my research interests are only just within scope for the department and I have limited teaching experience. It's a ("Group of Eight") research-focused university, so teaching is likely to be secondary to research, but it is still a factor.

I am guessing that they would not consider me at level D if I apply at level E, or vice-versa. Australia has less of a culture of salary negotiation than the US. I have thought about addressing both sets of selection criteria and leaving it up to them, but worry that might simply be annoying.

What is your advice?
It is my understanding that when a position is advertised so broadly, i.e. D or E, they are likely looking for someone really big. That being said, I think they are likely looking for someone at the level E, but would consider a strong candidate at level D. 

If it were me, I would evaluate my qualifications and fit with both D and E positions honestly, and then put all my effort into whichever feels like the best fit.

If the only motivation to try for E is salary, and you probably fit better for D, then you are likely risking both.