Use a 10W 30 Semi Synthetic if you are in Australia.
We had an 8 plug Jazz (03 model) with near 300,000km and used Castrol Magnatec 10W 30, never burned anything. We are in NZ.
Have you checked your airbox for pooled oil?
Ow! that's a lot of kms! I've always used Helix HX7 10W40 since I bought the car, except a change I did an year ago, when I used a 10w30. Just after, it started puffing on start, probably a coincidence though as I changed back to the HX7 but the symptoms remains.
Oh yeah, the airbox is clean. I've recently changed the filter.