Chunks,
You can do a Bachelor of Aviation through the University of Western Sydney. I know they give credit for flying experience and generally do not offer admission to the correspondence course to low timers (like me). But i did my Flight training in conjuncton with the degree in Oz and am now finishing by correspondence. Good degree, Human Factors, Management stuff, but v. expensive for non Ozzies.
This is the address for the faculty website
http://aviation.uws.edu.au/