Mulder, you should take the time to familiarise yourself with the government's wonderful new IR legislation "going forward".
When the mainline pilots' certified agreement, which I believe is "binding" only until January 2007, or anyone else's for that matter, expires, everything is up for grabs.
An employer is then permitted to unilaterally give 90 days notice that existing terms and conditions are unacceptable, and will no longer be complied with.
If after that time no new agreement is reached, all the employer legally has to provide is a minimum salary of approx $484 per week, 38 hours of work per week averaged over 12 months, 10 days per annum sick leave, 4 weeks annual leave and 52 per weeks parental leave.