TIMMEEEEEEEE
Perhaps he was setting an example to other Australian aircraft owners that this was the smart way to go, and increase your chances of financial survival in aviation, or as an aircraft owner.
Operating an aircraft on the Australian register, if you can possibly avoid it (and that's not too hard, even for AOC operations) is seriously dumb, unless you like giving money away.
Have you ever wondered why so many executive aircraft owned by Australian corporations are NOT on the Australian register.
Remember, CASA puts the harm in harmonisation.
Tootle pip!!