My partner works for an Australian university, she had this to say when I shared this article with her:

"From my understanding Bachelor degrees are much more regulated (in Australia anyway). Private Colleges can offer Grad Cert and Grad Dip and Master degrees but not Bachelor degrees, which make me think the government has highly regulated Bachelor degrees. I think that there must be a certain percentage of face to face, practical subjects, mentoring and industry placements, but I imagine in the current environment that this will be all up for discussion."