The announcement was made by Triple J, citing confirmation from multiple industry sources.
Whilst the festival are yet to release an official statement, the annual 4-day music festival, usually held in North Bryon Parklands, will not go ahead this July.
The Splendour In The Grass cancellation comes just two weeks after the line-up announcement, headed by Australian pop megastar Kylie Minogue in an exclusive festival appearance.
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The sad news follows a sling of festival cancellations with both Coastal Jam and Groovin’ The Moo biting the dust earlier this year.
Kylie Minogue was supposed to headline the festival in an exclusive Australian appearance, with mumble-rap pioneer Future and Canadian indie rock band Arcade Fire as the two leading international headliners.
Visit the Splendour website here.