We had our monthly film-nerds meeting in Adelaide last night, at which the matter of exhibitions came up. Quite apart from the fact that several of our regulars do an exhibition or three each year, there are apparently some excellent exhibitions on at the moment, including Bill Henson.
There seems to be a distinct "arts community" that is quite separate from and invisible to the general community. Plenty of interesting stuff happens but it's a closed incestuous little world with no exposure to the broader population who'd rather just go see the footy or (if they consider themselves photographers) shoot models. Plenty of interesting stuff is on, you just need to know the right people and venues.