It seems to me this is one of the key functions of the organisation - to act as a pseudo governmental entity to asses qualification and experience claims relating to IT.
I believe it also exists to provide a framework around CPD (continuing professional development), but I'm not sure how relevant this is to our industry.
Paying to vet the qualifications of people who have studied and worked overseas is not unreasonable -- but having to pay them $425 to certify that an accredited Australian university's CS diploma is, in fact, an accredited Australian university's CS diploma is ludicrous.
I believe it also exists to provide a framework around CPD (continuing professional development), but I'm not sure how relevant this is to our industry.