Pros
Salary for personnel that stick with it, without any qualifications and a pass in Year 10 is great. Sometimes you may travel.
Cons
Most work is for the sake of appearances and isn't attributable to the mission. The organisation will demand that you live by values; however, will not demonstrate them to you in return. If you gain employment after being in the RAN, it'll be because of non-technical skills you've developed (i.e. management skills, leadership etc.); however, these are not due to the Navy, they are in spite of it. The only reasonable claim that the Navy has to your skills upon leaving, is that they provided the consistently toxic environment throughout for you to hone them in. Essentially; you will know what to do because you will have experienced trauma and/or bullying and/or harassment AT A MINIMUM of once in your career (which will be ignored if complained about) and you will learn what to do by going against the institutional example you've been provided. When they are done with you, particularly for political expediency, you'll vanish.