Glad someone sees something positive coming out of the FNQ mess! Cos us passengers could sure do with a real regulator catching the cheats and freeing the good guys up to do what they do best.
like all government agencies, CASA already has a code of conduct/ethics and the posted Directive about safety regulation seems to be telling CASA how to suck eggs. Hey, strange notion that safety regulations weren't actually always addressed at known aviation risks! What the heck has it been trying to do for decades? CASA has got to be the most interfered with government aviation organisation in the world.
What CASA needs in order to be an effective safety regulator is some actual aviation policy (which no one has developed for the last decade except under the crazy malign influence of the Mr Smiths), lack of political interference (I mean the sort of interference that comes from sqeaky wheels hightailing it right to the Minister anytime they've got their knickers in a knot), a steady leader at the top (no more pilots just a bureaucrat please), no more reorganisations (scared people don't make good decisions), people with actual regulatory and safety management skills not pilots (luv you guys but pilots should be in aircraft), policy advisors in the Department that actually know a bit about aviation and constructive support from the industry (instead of constant undermining by ex-CASA dropouts and inflated egos).
Let's hope the mysterious and seemingly autocratic (what's with the 'directives') BB actually has some good ideas and doesn't further ruin what could be a world leading organisation.