Aurealis has been publishing sf/f and horror in one form or another since 1990. In it's current iteration, they're putting out ten issues per year, with 2 pieces of short fiction in each issue. My understanding is that 2 of these ten issues will contain Aurealis Award-winning stories, which means the mag only publishes 16 original stories annually, making it an incredibly tough market.
Yesterday I received an email from Aurealis stating they're attempting to become Australia's only professional (fiction) market, recognised by the SFWA. Frankly, it's a little sad an Australian market isn't recognised already, but this is a great opportunity to push Aurealis over the line. The kicker is that they need more subscribers. I don't know how many more, but I guess as many as they can get. I've purchased the last few issues as one-offs, but last night I subscribed.
I mean, why not? It's only $20, for some of the best genre writing produced in this country. Plus, they're throwing in issue 56 for free! And if you're a wrtier, a subscription gets your story put at the top of the slush pile.
So do it.