I'm not sure there is much of a tax break for VR
Yes there is. In fact it is tax free up to a specified limit (~$150K for a 25 yr employee for example), and then treated as an Eligable Termination Payment after that.
Refer to the ATO website for all the details.
Holding out for "2 years, and not a day less". Haha!
Thats the funniest thing I've read all day. Good luck with that, pops!
VR, if it happens, will be like every other role. You will express your interest and they will come back with a figure. Everyone's will be different. Why would they offer 2 years pay to someone on the top of the pile, when they could threaten to force him to displace someone in Perth?
As for who will take it? I'm guessing those who are considering a move o/s anyway. 767 and A330 crew with mid seniority who aren't holding out for 2 years pay is my guess.