Annual Report
I find it instructive to note that, in Director's review, under the heading Strong Safety Oversight, the first significant safety outcome is not less accidents or providing more safety education but the grounding of Tiger Airways, followed soon after by Alligator.
Which seems to confirm (to me, anyway) that their idea of absolute safety is when zero aircraft are in the air.
I used to think safety was common sense (look left and right before crossing the road, don't stick your fingers into the toaster/electrical socket etc.) but now we need rules with associated penalties (!) to keep flyers and passengers "safe".
The way things are going, and at the rate of attrition in licences/medicals, we might very well achieve absolute safety sooner rather than later.