Anthill, as someone who is accusing people of misinterpreting the information, you are missing one vital piece from the quote
but should
this not be possible after 2 - 3 years, the Cruise Relief First Officer may
elect to apply for a position with Virgin Blue as First Officer, through the
normal Virgin Blue application process. V Australia will assist in facilitating
this process, and credit will be given for the applicant's service with V
Australia.
my bolding
The normal Virgin Blue application process means that the CRFO's were intended to be treated the same as externals - i.e. NO career path other than that offered to everyone else.
The Company has improved things considerably since this was the case and now there is an internal process, however it certainly was not the original intent.