It would seem Wunwing that fortunately whoever was contemplating the "relief airline" saw the light in time before they squandered the farm on an impossible dream.
Under the Australian regulatory regime such a venture could never be viable without massive government subsidy, better to take your $$$ and if you have to invest in aviation, do it in a country with sensible rules like New Zealand.
Aviation in Australia is finished unless there is major reform in the way it is regulated, its become so "Safe" nobody can afford it.