BIT is a co op scholarship, Bsc IT is not. Because of that there are also some differences with the course, BIT is 3 years and Bsc IT is 4 years.
Just adding onto that, BIT is more focused towards the industry (with
two SPONSORED six-month internships (UTS gives you the placements, based on a numbering preference system as to which company you will work at - but you're
guaranteed two placements), one in your
Second Semester, First Year, and one in your
First Semester, Third Year) and is a fast-tracked version of the
BScIT course. (Except that you
*DO NOT* get to choose a
major, you pretty much do a couple of subjects from all majors [i.e.
14 core subjects with the BIT course]. There are what some would consider,
7 intro-technical subjects, and
7 businessy report / team collaboration subjects as the cores. The rest of the subjects are
4 electives (which you can choose from any faculty, as long as you apply for them early enough using an eRequest), or you can choose electives based on the
BIT electives list. There are also
four industry-based subjects, which is basically more report writing (2x 4000 word reports), based on what you did on your placement, and a particular area of study which relates to what you did there. There are no lectures/tutorials/seminars/classes for these industry subjects. You do them in your own time, or at work if you have the time.
The BScIT course also has the OPTIONAL
Diploma in Information Technology Professional Practice, which lets you find your
OWN relevant workplace by yourself (with the aid of
uni jobs boards and
careers service or another job posting outlet) to gain a 9-month internship, or multiple separate internships which add up to 9 months worth of experience. This also entails the review reporting writing industry subjects - it's pretty standard at most universities to have some report writing based on industry experience, it's how they can accredit you.
Oh yeah, the BIT course is completely paid for with Scholarship money paid in fortnightly instalments (if you choose to pay off your uni fees with the 10% upfront discount, which works out to be a discount of ~$430 a Semester).
Glad to help. Message back if you need more info.