The issue of direct entry Captains has not been raised by REX management. It would require a letter of agreement to vary the current industrial agreement. This variation would in turn have to be approved by the majority of the pilot group.
So I think it's safe to say that the rumour of direct entry captains is just that.
The only scenerio that you would see discussions in this area would be for temporary experienced captains for the introduction of a new type.
I think given REX's current strategy, that would be unlikely.