Degree is given by a separate entity. The MBA is given by the Australian Institute of Business.
The MBA isn't too hard, but isn't eay either.
It has 12 modules with 11 research based assignments and 11 exams. The final module is the final MBA research thesis.
More than the content itself, the most valuable thing at OCB is the contacts you make as there are quite a number of professionals from high places (upper management and higher) in the industry.