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I don't live in Oz, but a recent news report would suggest it contradicts your statement. Camera revenue in NSW alone explodes as fines reach $308 million, which is than $39 million increase over last year. If your statement matched the current situation, fines would be reducing, but instead they're increasing.
Total annual revenue from speed and road safety cameras across Australia exceeds $1 billion.
Speed and red light cameras don't appear to be a traffic safety system, but instead a revenue generation channel for the state.
Mm, I meant the experience of being a driver on the road is that people tend to be driving about the speed limit. I remember when I was in Canada most everyone would instead drive 10-15 over. Which I guess isn't really a problem if they set the limits lower to account for it... I'm just a fan of clear instructions so this is my preference.
It is true that it is a revenue generation system. I honestly don't feel bad about it though. Speeding is dangerous.