b) What could be some potential limitations if Australia adopted the United States’ model for regulating general aviation maintenance? Please detail.
The main consequence of aligning Australian GA maintenance regulations with those of the FAA would be the need to explain the changes to CASA staff and to Australian LAMEs. This cost is more than offset by eliminating the many sources of confusion that exist for LAMEs (and indeed CASA staff!) in the Australian regulations.
Some aspects of Australian regulations such as the use of Maintenance Releases (MR) might appear to have advantages over FAA regulations which require only logbook entries. But it would be wrong for Australia to try to “cherry pick” and to thereby perpetuate a uniquely Australian set of regulations.
If there are advantages to having something like an MR (for example in flight schools) then there is nothing stopping such operators requiring their use as part of their Operating Manual.
Similarly, the logbooks required to be kept under Australian regulations are much more detailed and voluminous than those required by the FAA. When introduced they were guided by lofty aspirations of enabling better tracking of required maintenance. But their complexity means that they are much more difficult to maintain that the simpler FAA logbook and actually contribute very little to effective GA maintenance.