Thats a tough one but yes it can be recognised however not professionally to the extent where you will be able to go out and be a psychologists. However if you do the pysch major once your done with the course you could look into doing psych post-graduate or somewhere like that
ok this is a bit late but anyways.. psychology through BHS is recognised by the APAC... (or wateva) but you need to have done Honours (through the school of psychology) in order to get into the postgrad options... also it is easier to get registered...