Re: Break out the popcorn...
@Tom 64
Sadly, it is going to be the opposite: depressing.
Here is what will happen: The ABS will continue their current strategy of arrogantly talking up their own infallibility and the (Liberal) politicians* will support them by attempting to gloss over the exceedingly worrying implications and by signing the praises of the ABS.
Both will behave as though the community supports them and that concerns or opinions counter to their own are unfounded and adopt the 'trust us' stance, backed by the 'or else' of fines.
A few inquiries will be undertaken but these will either absolve the ABS of any culpability (while likely talking-up the importance to what they do) or extend beyond the submission deadline and thus conveniently have zero impact on the current fiasco and provide an equal measure of protection for the people strong-armed into handing over their personal information to the ABS.
In other words, the fall-out will be about the same as one sees when, say, the Victorian police are caught abusing their access to our records. I.e. - f$#k all.
* - Besides being currently in government, they appointed Kalisch.