Atlassian is a US-parented company and this means that CLOUD act can affect it. Even this only can make it unsuitable. Then there are questions to data-in-transit. Also nothing is legally tested. Vibe-coding an alternative is much safer if you have sensitive customer data (even simple support tickets).
Going with this idea further basically all data goes via Microsoft one way or another.
Not that this matters in terms of the CLOUD Act, but it's actually an Australian company based in Sydney.