Quite the contrary. I know an organisation that has their own RTO to deliver competency based training. The assessments are a joke. Participants are assessed, and if not competent, they are given the opportunity to re-attempt the assessment after receiving additional instruction.
I find many can go away, get some one-on-one, and come back and do it perfectly - they're just copying what they've been shown. It doesn't demonstrate competency, or retention. Especially when the participants are asked to demonstrate their knowledge several weeks later, and can't.
For me, giving ride operators a piece of 'nationally accredited' paper that says they know what they're doing doesn't get past the fundamental issues at play at the park - their training and procedures should have already been adequate (and they obviously weren't), and there's no nationally recognised package on ASQA's books that teaches you how (for example) to operate a gyro swing properly. Or any other amusement device for that matter. Not specifically anyway. There might be general learnings, but as each ride is unique, you can't cookie cut the process. Staff at dreamworld (and not the RTO) will still be responsible for the front-line teachings of how to actually operate each ride... which means this 'academy' does nothing to demonstrate whether ride operators are adequately trained to do their jobs properly.
This changes nothing.