From my perspective, Oz licensing seems to be a mix between the UK style exams with the USA style flight tests.
You aren't as restricted in Oz regarding number of resits and time limits (I'd have to check though).
I am pretty familiar with the JAR system and the Oz system, I haven't undertaken an FAA ATPL....
If however, you cannot answer enough questions correctly in your PPL, CPL, IR or renewal check flights, you'll fail. Another part of the check is that you have current documents, eg AIP, DAPS (or the equivalent, Jepps) on hand. CAO's and CAR's as well but fortunately you don't have to carry them!