Icarus,
Jetstar puts 200 hour kids in an A320 and most countries on earth will put a fresh CPL in a transport jet. The problem is Australian airlines aren't geared up to train people that way.
Setting hour requirements is a good filter to stop being inundated with CV's. The problem is when the CV's stop coming many operators seem reluctant to drop hour requirements.
Whilst I disagree with all new hires being fresh CPL's, dropping a multi required from 500 to 150 and total time from 2000 to 1200 is going to make planes fall from the sky.