Yer mate ..... it is proberbly well spent on flying hours, but what you have to remember is that this course is fully paid for by the government, and you only commence repayments when you start earning a taxable income. This has been the barrier for most potential pilots, and it's not every day an oppurtunity like this arises. As well as the bulk of your flying paid for, during this course, providing you get into the qantas cadetship in the 3rd year, you will complete the cadetship, and then be placed into the 'compulsory industry placement program' which obligates you to work in the GA for 2 years to gain experience under Qantas supervision. If you have progressed at an appreciable rate, then you may just be flying for qantas soon after. Mate some say its not worth it some say it is, but all in all its how you yourself perceive the whole situtation, but it is definately a worthy oppurtunity to get your foot in the door much quicker than normal
cheers