As much as I don't agree with that contract I have to caution against using
V Atlantic as a comparison.
It's true V Atlantic only work a max 900 hours per year but that's because regs in the UK don't allow it. Not because V Atlantic are benificent beings. V Atlantic crew also get a base of approx $23,000 AUD owing to these very low hours. Basically they are paid a part-time wage because the job is pretty much part-time hours. So it's not a good comparison and I wouldn't want to see
V Australia go down a similar route of offering a wage you can barely live on.