The advent of deregulation in Australia proved far from the boom of multiple startups that other markets delivered. In fact only Compass appeared at the start and given all the marks against it it is little surprise that it wasn't a success. Here is the crazy tail of the first serious competition to the big 2:
Compass Airlines A300B4-600 by rstretton, on Flickr
Compass Airlines A300B4-600 by rstretton, on Flickr