The Law program there can be done by distance education, & i hear from other people that they really enjoyed doing law there, with weekly class chat sessions online instead of in-class normal tutes. Justice Kirby (high court) did some promoting for that law school
I dont know if commerce can be done externally, but if it could, that would be really good as you can get some work locally to build up experience, and study online. In my area there is a small one-man accounting office and the guy did his degree from UNE. Doesnt seem that busy, but he pulled in about 180k before tax last year.
I do commerce unsw, and i think its simply over rated since the stuff we cover is the same as others. I say its all marketting. but if you want to get into a top tier firm, i think its better to stick with the 4 main Unis