Ya it's true the Jaa licence won't do squat for you in Oz. I have been looking seriously at heading back to Oz with my Canadian ATPL and there's a overseas convsion exam to be done, as well as a instrument exam and a flight test. If you were converting from just a commercial licence you'd have two flight tests and two exams (with the commercial exam being a lot more intensive than the ATPL conversion). As well the market doesn't look to friendly to pilots. With Ansett going under and a lot of pilots looking for jobs who have jet time it backs up the system for the rest of us grunts with turbine or prop time. It's a frustrating time for aviation in Oz and NZ so I would look long and hard at the options (just like I'm doing now). I would be giving up a regional job for possibly nothing. Very frustrating!!
VanGal