All this and one of the worlds supposed "leading aviation safety regulators" is effectively handing over safety responsibility (i.e another means of self regulation) to the very industry it is supposed to be monitoring! It's all been done before and failed miserably.
Note the recent report on the Metro in QLD that was within 10 minutes of running out of fuel on it's only remaining engine, the recent fuel exhaustion incident in the Brasilia at Jundee in WA, the overall shortage of experienced pilots and you can't help but think that the holes are all starting to line up for the big one!
Just my 2 cents worth.
Henry the Octopus