Kaz3g and others, CASA is way ahead of you: A pilots licence is a priviledge it isn't property.
Of course, since it is a priviledge, and not a right or a property, it can be revoked at will - the rules of natural justice and procedural fairness, as now being unctously applied to the cases of Peter Slipper and Craig Thompson, don't apply to you.
Follow the rules, obey the law and hope to Christ you don't come to the attention of CASA for any reason.