I suspect that there may be one or more age pensioner owners of RAAUS registered aircraft. And that they aren't that concerned about the ATO. But perhaps they are with Centrelink?
There's lots of self funded retiree folks out there who benefit from having a part pension. Even if that only brings in a dollar a fortnight. And that's due to the fringe benefits that come with the age pension.
But their pensions come with an assets test. The family home, no matter how valuable, is not counted. Nor are all the assets previously used to buy an annuity.
But the aeroplane and/or boat may be an inconvenient truth.