Good news, it seems like no more porn filter, but ISP level filtering will go ahead with child porn url dectection. 
Email from the dbcbe
ISP FILTERING
Thank you for your correspondence and your interest in internet service provider (ISP) filtering.
Attached is information from the Minister on this matter. In addition, the Department of Broadband, Communications and the Digital Economy has prepared material on a list of Frequently Asked Questions (FAQs) regarding ISP filtering. This list is available on the Department’s website at www.dbcde.gov.au/cybersafetyplan
These FAQs will be updated regularly to provide you with the most up to date information on ISP filtering issues.
We hope this information is of assistance.
The Department of Broadband Communications and the Digital Economy