This is a feudal society and the Melbourne Model just adds to that. Basically, this new model will work like this.
Rich kids living in traditional eastern suburbs (such as Toorak, Canterbury etc) will go to prestigious private schools in the east which cost $15,000 p.a (e.g. Scotch College, Melbourne Grammar). The schools there will have a median ENTER (UAI-equivalent) of 95 and some 8% of their students will score over 99. These kids will enter Melbourne University and complete their basic degree, drinking latte at the Law School's Brunetti Cafeteria everyday and partying at Prince in St. Kilda at nightfall. After undergraduate, they'll pay $40,000 p.a upfront to complete their J.D. They'll go practise law at Mallesons or Allens and continue raising kids in the eastern surburbs.
Access to education and concepts of an egalitarian society have been out of the door for many years. Melbourne University and Monash University are venues almost exclusively made up of a handful of demographics.
Congratulations on the Melbourne Model for taking feudalism to the next stage.