It is in the universities interests to advertise that their IT degrees include ACS accreditation (despite no Australian IT employers I know of giving a damn about it) and it is in the interest of ACS for the university to keep paying the exorbitant fees. If anything, I feel that ACS accrediation is detrimental to the students as it requires the university to include such useful courses as "Ethics for the IT Professional" in their degrees. While being ethical is obviously important to any professional, this is time that could be spent learning real skills instead.