Be careful what you wish for.
Well, you got what you wished for – a new regulation.
There are 3 things about this proposed legislation which should have every operator in Australia up in arms.
There are 3 reasons why there is not a major outcry, can you guess what?.
This document shows that CASA do not want to effect rules which cannot be tinkered with by policy or manipulated to suit their 'interpretation', that much is clear.
These changes will become bogged down and the CASA can say "Well m'lud, we tried and they were rejected, now can you see why it has taken so long". "What can we do"?. or: The proposals are accepted and the cynical, mindless arrogant micro management apparent in the document continues, only now with real legal teeth.
There is no way we are ever going to get sensible outcome based regulation no matter how many other countries do it, manage to meet ICAO 'principals' and encourage an open reporting culture in an atmosphere where you not presumed guilty at every event.
The only error in their game plan is not to criminalize the "**** – Fart separator – Check", which, IMHO should be a jailable offence. You can tell they missed it, just read the proposed reg, the stench of systematic corruption is almost visable.
We are doomed boys, it's a one way street and there is no room at the trough for probity. 
Selah.