So there's not gonna be any more of the insulation rebate scheme, not even in any kind of modified form as it was initially expected.
Energy Efficiency Minister Greg Combet made the announcement today: "The government has determined not to proceed with the proposed insulation rebate."
Quoting from the same article in The Age:
"Cabinet is understood to have decided the government's top priority should be assuring the safety of homes which had already had insulation installed rather than installing more.
The government had promised to install safety switches into about 50,000 homes which had foil insulation installed and to carry out safety inspections on at least another 150,000 homes which had batts and other non-foil insulation installed"