You're all wrong. Lip Air went into voluntary receivership on Sat. 50 'innocent' employees with kids and mortgages all terminated. All because of an insane vendetta by certain CASA persons with personal agendas to get RL.
Why are they allowed to regulate in the area they previously had commercial ties in? It's guaranteed to create a conflict of interest.
CASA refused to 'approve' anyone to take over the aircraft or pilots from the suspended AOC holder. Read CAO 82.0 para 3 and get an appreciation of the economic power over operators, these people have.
Good luck to the ex employees and to the people of the Torres Straits.