There is something not quite right when these general aviation pilots with such solid command experience under their belts, are metaphorically laughed out of the Qantas interview room in favour of an Oxford Air Training cadet who has barely flown more than 150 miles radius from his own flying school and most of that time with the comfort of an instructor to look after him.
Since when has Qantas favored them for direct entry? As far as I know they would still need to go and build hours somewhere like anyone else.
Cadets are a different matter but as already stated they are only a relatively small % of recruits, who are assessed differently to your normal graduate from Swinburne/Oxford.
Either way the Qants recruit ends up as a S/O for a number of years. Let's not confuse this process with the Jetstar Cadetship system that IS as you stated above!