No problem at all morno...if you work for an airline...
As I've said the whole ATPL licence is Not a qualification, its a process.
If you don't aspire to join an airline, under CAsA's reg's it going to cost you a small fortune to gain apiece of paper that is in reality meaningless.
If you already hold an instrument rating, which mosts guys do, your flying standard is already above that required for an ATPL.
Australia always had a flight test for the initial issue of an ATPL, CAO 40 appendix 111, I think provided what was required.
There was an era when sensible heads in DCA recognised that for those that held an instrument rating the flying standard was higher so they waved the ATPL test.
As for the theory side, technology moves faster than the syllabus can keep up. The way things are in Australia they would be better requiring a two year Law course rather than stuff that is already out of date by the time the exam is set.
Thats if they can find two people in CAsA who agree what the law is.