Arts is very easy to get in to in Australia. Law is far harder. At most of Australia's top Universities you have to be in the top 0.5% of high school students.
Admittedly a large number of Law Grads use Law as an engineering decree for government and other administrative work, but still.
I think we're on a tangent here. My point is that law is at least as good as teaching "soft" analytic skills as english literature, with the happy side-effect that it comes with a career path built in if you want it.
As for getting into law, there are universities outside the Group of 8 who'll accept lower scores.
I majored in English and I'm working as a paralegal... I don't know if there are cultural differences, but in the US there are plenty of English majors who go to law school, I actually think I know more of them than actual Political Science majors.
It's a different system. In Australia law is taken as an undergraduate degree. You leave high school and enrol directly in law. When you finish, if you want to be a lawyer, you either get a Graduate Certificate in Legal Practice or take an associateship.
Here in Australia, law is mostly taught as an undergraduate degree. It has essentially taken over the role of a liberal arts degree.