During El Nino, the trade winds weaken or reverse, blowing from west to east.
The warmer water moves east away from Australia due to the reversed/weakened trade winds (now blowing west to east)
The trade winds reversing/weakening leads to cooler water off the coast of Australia, therefore less evaporation which can cause drought.
During El Nino, the warm surface currents reverse, accumulating off of South America. This causes rising warm, moist air that brings rainfall and the possibility of floods