But wait, there's more flaws to this! How will Rex provide ab initio training? It's not like someone can go first solo in a Saab!
Whaet, if you think that having plenty of time off will be given as an F/O then think again. Why do you think Rex are incorporating a cadet pilot scheme? Because they're SHORT of pilots!! You will be given the time off as per CAO 48.1, and after having worked for say a 10 hour tour of duty do you think you'll be in a frame of mind to study for your ATPLs? It's incredibly hard let me assure you of that.
As for bases, apart from Sydney, that are major cities, there's Melbourne, Adelaide, and Brisbane.