Damn those pesky smileys! I entered a double colon and the rsync command worked.

Code:
[TiVo [p0] ~]# rsync -rv 65.49.60.197::oztivo_timezones .
I then ran the ntpdate command and am now waiting for the time to update. Its still showing the old time at the moment but other posters have suggested it takes a while so I'll give it some time. Will let you know if I still have problems.

Cheers for your help.