Australia doesn't (yet) have the restrictive practices of the CAA
no, but they are trying, via trying to implement CASA 'policy' with each individuals interpretation, rather than CASA 'legislation' is one favourite trick.
another federal trick (1) that we have seen lately is that they wish to be silent partners, (I.e. the mining industry) and share in the profits without committing to start up and running costs.
as far as charter in the joy flight game, this trick is already well worn by certain sections of the commuty.
To end up with a small fortune, start with a big one and follow me;
Pick a venue that has something worth while selling as a joyflight venue, say it has 250,000 patrons per year, budget on 2.5% of its patronage as joyflight clients, your loading will be 2.1 passengers per flight, (these are real figues) things go well your are making a quid.
but no there's more.
all of a sudden the venue is now granted ownership of by a non investor group who all of a sudden want to do the trick (1) as above and do so by upping a high % surcharge to your
gross return without any consideration of any of your costs.
to then end up with a small fortune;
sell quick with your good figures to the next sucker that comes along.
end of story.
cheers tet