I agree with WileE and Rudder....
2015 Level 1 FO salary is 101k NZD x 65% = 65k NZD (61k AUD).
Not entirely sure on tax arrangements, but I estimate the endorsement would end up costing you around 25k post tax. At that cost I wonder why they bond you for 3 years?
From the CEA...
In circumstances where the Company pays for a Pilot’s endorsement, the Company may require
that the Pilot:
(a) Be frozen on the aircraft type to which they were endorsed for a minimum of 30 months
from the date of successful completion of the clearance to line (CTL) check; and
50
(b) Repay the endorsement costs of $30,000 (on a reducing pro-rata basis, calculated
monthly) if their employment with the Company comes to an end (other than by way
of Group transfer, redundancy, for medical or compassionate reasons or retirement)
during the 30 month period.
So they salary sacrifice the endorsement AND bond you for 30 months?