I looked into this program a little while ago and although I was keen my bank manager wasn't... I went on to a normal cpl type course but I'm staying in touch with some of the other applicants.
It's running on the gold coast now and the students mostly go on to metro FO jobs with the parent company J..craft. Quite a few stay with the company after the 12 months go on fly caravans, barons or even the metro in the left seat doing night freight.
If you can get through the upfront cost then go for it - the aviation industry is going well so there's not much risk of ongoing work after the 12 months.