Translating it into Aus dollars isn't very useful unless you intend to spend the money in Australia. Exchange rates don't work that neatly.
That being said it is definitely crap money, BUT as an aspiring pilot it probably seems a lot more attractive than spending say $50,000 on training to MECIR and flying clapped out pistons in GA earning similar $$$ then still having to fork out $30,000 for an A320 rating when you get through your Jetstar interview having taken the long way around.