Hey guys, whats wrong with my capsicum plant? Photo attached.

I do not grow Capsicum but from the looks of it, a bit wilted with holes, my first guess is slugs or snails.
It could also be a root issue where the declining root system is causing these symptoms but people here will hopefully offer more precise info if needed.
Good luck.

Andrew, hello and good'ay from southern Co.
Looks to me you have a bug problem, probably aphids, and soil that appears too wet (maybe)??? I've never been Down Under, and on a completely unrelated subject my workleader is going to vacation a whole month there, so I expect relations between our two great nations to take a serious hit, but, back to your more immediate problem- I've always assumed Australia to be dry and arid, like where I live, these conditions are perfect for peppers as long as a nice protective layer of mulch around the root system is living with it. And keep in mind that they are a lot like tomatoes where the more air that passes between your plantings the better.
Anyhow, good gardening, good luck and long live Akubra- the best hatters in the world!

Thanks guys, But I am ultra concerned that it could be "Bacterial Spot".

More Photos:

I would toss it quick. Whatever it is has beyond saving the plant.
You could hope that it was just that particular plant, which it probably was. Try planting something else there now or let that spot stay vacant for 6 months and try another plant then. It is hard to say what to do really.