Yeah it's not a great outlook, but hardly surprising. Things are fickle enough with the 3 major resorts in Vic, let alone these smaller resorts. I'm very surprised this course of action has taken this long to come about.
Saying that, I think if you live in Adelaide or Perth and per book a family snow holiday, you should be doing it at a place that is more likely to produce the goods shouldn't you?!
Baw baws investment in the summer months will hopefully add to their well being, rode up there 4 times over the summer and all those days had people everywhere doing all sorts of stuff.. If its a ghost town in winters with no snow ( which will become more and more frequent) maybe the summer can pick up some slack?