We've just had confirmation that GAME Australia has gone into administration.
Earlier this morning staff members informed Kotaku Australia that GAME wouldn't be receiving copies of Diablo III due to payment issues with its shipping companies, and many reported issues with GAME's website.
However, final confirmation came this morning when all GAME stores were sent an email stating GAME had gone into administration. GAME's Marketing Manager also confirmed this to Kotaku Australia, but declined to give further details.
The UK arm of GAME went into administration in March this year closing 609 of its stores. Back then GAME Managing Director Paul Yardley stated he was looking for a buyer for the Australian division, but could not rule out the possibility of redundancies and store closures.
At the moment we're not aware of the impact this news will have on stores locally. We will update this story as and when more information comes to light.
Lifehacker has some information on whether or not it's safe to buy from GAME in its current state.