Hi I am on the Graduate Nurse Program in QLD
It is the first year out of Uni. At my hospital it is a full time position, so yes you get paid.
We are doing 3 rotations through different sections of the hospital and you get recognised as being a 'new' nurse so get a bit more support than if you just start work at the hospital as an RN.
These positions are highly wanted, so can be hard to get into though.
(hope this makes sense, have just finished doing 4 night shifts so my brain is a bit fuzzy LOL)