A bit, ..sorry ..very bizarre.. CAsA wants yr financial status, projected ( mythical) figures of revenue, expenses and etc, etc. Time wasting stuff made up as they went along !
By the time the AOC came thru 14 months later, the 'operator' was broke, having to pay rent, feed a family and all the usual expenses while waiting...and waiting. !
Scrapped along for a few years on the bones of his backside, and decided there were more profitable enterprises to be had OUT of aviation all together.
True story. He was a very experienced pilot, loved his flying, but was mortally wounded at the first hurdle.
Yes, dynamic Oz.. the lucky country. Jobs and growth and all that crap.