"Look it up in the FARs if you get a type rating you are still qualified to be PIC"

"No where does it say that getting a type rating qualifies you to be captain"

Huh? PIC is Captain. Industry standard is you go to Capts upgrade training and you get a type rating. Not a marketing ploy designed to sell students to a flight school.

Why aren't RAA guys who get a type rating Captain qualified? Is the the CAE course different for RAA guys and a regional airline that might contract out it's Capt upgrades to CAE? Same sim same training facility but two different outcomes?