I haven't had a chance to read the full report yet, but the accompanying pastoral letters from the two bishops concerned tell it like it is. Bishop Michael Kennedy's in particular is excellent, and well worth a read.
The report apparently finds that Bishop Harry Kennedy of Armidale's handling of the case was deficient, and points to 'poor record keeping, ineffective assessments, inefficient inquiries, and inadequate response to and treatment of victims and their families'. The summary comments imply that the report more or less exonerates Bishop Kennedy's successors including Bishop Manning, however.
Both bishops have accepted all of the recommendations of the report.
This is not the end of the story of course, as police inquiries are still continuing.