For these who have VCDS and are able to change from fixed to variable interval.
If you want a better understanding why you need to use 504.00/507.00 oils in fixed service intervals or why we only have fixed service intervals in OZ using expensive oil.
Do the following: Change engine oil and the oil filter, change to variable servicing with VCDS, drive 2-3 months in the city stop start traffic only and you get the message "Service in 3,000 km" with in 4-5,000km.
Non of our cars will get to 15,000km/12 months and when I change the oil usually at 7,500km message is already there on the display.
Of course if you drive long distances it will be different and you may be OK for variable servicing.
To Brad: you forgot to say that you don't want to preserve the car for the second owner and that's one of the main reasons why you go for the cheaper oil. But many of us keep their cars for longer time than 3 years.
To others: Keep in mind that cheaper oils will leave sludge and varnish in your engine especially, if you go for 15,000km/12 months interval and drive under severe driving conditions and even if you would use the used UOA, no Used Oil Analysis will give you report on how much of it is deposited in your engine, until is too late.
Oil is still the cheapest component in the engine and extended oil changes are driven by environment concerns only.
So,
IMO 15,000km/12months in OZ is spot on. What oil you use will affect the wear and tear that will be visible on the engine after you pass 100-150,000km.
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