At the moment QANTAS conditions are maintained by the unions, interesting to see what would happen if they were to "float". How low could management go before people start leaving, turnover costs become prohibitive and they no longer attract the type of applicant they want.
They don't have to match conditions on offer abroad, just keep thing at the point where the bother of moving isn't worth the extra money.
Virgin seem to be losing a few people to EK at the moment, and didn't take kindly to managements last EBA. Looks like the bottom was discovered and things need to improve.
Prehaps QF conditions will be found to be about right as they are in the current market for experienced jet pilots.