So,
If Loss of Licence Insurance is the key, maybe there is available to pilots a bulk purchased product which is better than the MBF. Realistically the AFAP have had a bit of a monopoly on this in the past, in Australia, with their members and where is the drive to remain competitive.
Would that conflict with the in house product?
The MBF was set up in a time when Pilots couldn't be insured due to the nature/risk of the profession. However we are far healthier as a demographic than before and our aeroplanes (this one's for you pullock) are better maintained and more reliable. By all accounts there are many millions tied up in this scheme and the thought of winding up the scheme with the remaining members (75% to fold I believe) and make rich men of some is deemed unconscionable.
Time to transfer the assets to AusAlpa for the benefit of all, or sell the building and divide the spoils amongst the “MANAGEMENT”.