Mr Hat (Mr Garrison's pal I presume?):
At first glance, it does look like it will make it somewhat harder for new pilots to get a start with a charter - sorry,
Air Transport Part 121B company.
On top of that, the operators may be slugged with Class A maintenance for their C182 & extra Check & Training costs etc (most operators will have to outsource to a Part 142 C & T company for their checks!).
As for an implementation date.....I have heard anything from end 2003 to late 2004.
I suggest looking at:
http://www.casa.gov.au/avreg/newrules
If you download the lot, it is several MBs & many hundreds of pages reading - have fun!.
My back-up career as a town drunk is looking more and more attractive.