It was touted as a Aussie version of Little Britain - but where they went wrong is the fact that it is not funny.
Comedy writing is at an all time low in Australia. The Chaser are really the only good things on at the moment, and they're on the wrong night of the week (Friday) to get any good ratings - perhaps the ABC believes it more "cult" comedy.
Someone like Shaun Michallef or even Tony Martin should be approached to make something.
The Michallef Program was just pure comedy genius (in relation to the ridiculously sublime). His late night show on Channel 9 a few years ago was great - but was probably too "sophisticated" for a commercial network, hence it being axed after 2 months.