Dina d’malchuta dina is far more than monetary matters(@ujm, many poskim rule that monetary laws have the power of minhag hamedina). According to the Chatam Sofer it includes anything that is enacted for public safety and welfare. A modern example would be traffic laws. There are a number of online articles on the subject.
According to Rambam, Rabbenu Tam (Or Zerua, Piskei Bab Kaam 447), the Shulchan Aruch (CM 369,6), and Rav Ovadia (Yechavei Daat 5,64) it does apply in Eretz Yisrael. The Rashba (Baba Batra 54b d”h v’amar) says that it has nothing to do with land ownership. Anyone who lives in a country implicitly accepts its laws.
CHOOSID, who decides what makes SENSE (please learn how to spell or get a spell check)?