Ilura Press is publishing a new Australian literary magazine titled Etchings, and the first issue is now out.
The magazine is descibed as "a triannual publication with an international focus, dedicated to showcasing new work by emerging and established writers and artists." They are currently accepting submissions for the second issue.
In addition to the magazine, "Ilura Press is also running a 'Fiction Quest' competition for unpublished novels. The shortlist has been generated and the two winners (the prizes being a $5,000 advance each) will be announced in early December. We will be publishing novel-length fiction from 2007."
It will be a hard road, but I wish them well.