Kotaku Australia rightly points out that, in the aftermath of elections in Victoria, the region is probably going to have a Liberal Government. This means that the most vocal advocate of an R18 ratings system for Australia, Attorney General Rob Hulls, will most likely be replaced by someone who either is opposed to video games ratings, or simply does not care.
Kotaku also points out that it only takes one powerful person in the government to take an issue from full speed ahead to dead-stop and that most of the current or new AG's simply don't care all that much for the issue.
Like America, financial worries, and international tumult are overshadowing the issues related to video games.
Read the whole thing here. There are some other interesting issues at play thanks to the sea change brought on by the national election. Thanks to Ryan O'Meara for the tip.