This seems unlikely, especially considering a dubious source ("a sister of a friend, in Australia...") that hasn't heard anything in over a year. But would be cool if true, which I doubt--if anything was done to celebrate the special, even a tongue-in-cheek "isn't this awful" kind of mockery, complete with documentary's and such, it would more likely be made for a wider release and not some obscure Australian specialty channel, unless that is exactly the case and the Australian network is just getting rights (though they say it is a Fox thing, but CBS controls the rights).

I'd like to see this happen, but I doubt it. On the other hand, Lucas was going to release the Holiday Special on VHS in the 80's, so who knows...