The experience limit is 1500 hrs, the age limit I am not sure about.
But in the US and Australia/NZ you don't sit at the control of an airliner before you have around 2000 hrs, I guess that's why the 'frozen' ATPL is unknown there.
European airlines hire applicants directly out of flight school. The reason for this is that it's almost impossible to get to 1500 hrs since there are very few of the typical jobs on light aircraft that exist in other parts of the world. If you want to pay for those hours yourself your father has to be VERY VERY rich...