Well, the issue doesn't affect me and I know very little about it - but from the article:
Under this new policy, every domain registered will strictly require a registered Business Name that exactly matches each domain name, whereas previously having a single active ACN or ABN was sufficient.
The reason it is bad is that a large number of Australian businesses are using .au domains which represent their business, but don't exactly match the business name. So if the new policy is implemented then they will be forced to change their domain to match the business name; which I think we can all imagine could result in many problems.