I can tell you now folks that from my seat as a visitor in the US, that the industry isn't doing so well up here. The recession is in full swing, and there are many airline pilots who are now out there hoping to get a slot on a turboprop with a regional coz their plumb airline job had become redundant.
Me thinks that Oz is really just on the downturn and things will get somewhat worse before they get better. Just maybe, pilot demand will dwindle accordingly, and the whole MPL thing will just go along with all CASA's other policies...... about 10 years to freakin' late!!