It still means that UNSW is better than USYD. Peer review implies that people from other unis regard it as good.
Who cares though, in the end, its you work that will speak volumes about you. My friend's relative graduated with a good score from UWS, and is now at Stanford University in California, doing his MBA on a scholarship.(You have no idea how hard that is to get, you need to have like 90+ everything to even be considered as an proper international applicant, then you need to have a buttload of research and demonstration of experience, excellent professor recommendations, a lot of extra curriculars, excellent GRE scores to just get normal admissions, you need to have an almost perfect test record for a scholarship)