Hiya Louloubelle,
We are still in the process of applying but using a little loophole in the system.
We enquired with Anmac and a few agencies and it seems it a very hit or miss affair. Even though Paula (my wife) has now a masters degree, 15 years experience and other untold qualifications we couldn't get a clear yes or no answer without actually applying. As you possibly already know if they don't accept you original qualification then they want you to do a very expensive bridging course (IRON) in Australia.
We spoke to a few people who have been in the same situation as us and got rejected by Anmac but then successfully applied to New Zealand (who do take into account other postgraduate qualifications) and then transferred their NZ registration to an Australian one using the Trans Tasman Mutual Recognition scheme. You don't need to set foot in NZ to do this and we know 100% it works. The only down side is that you have to do the IELTS test for the NZ registration which is £140 plus the NZ registration fee (NZ$650) and then the TTMR fee (AU$300). More expensive than a direct application to Australia but then a dam site cheaper than the IRON course (AU$12,000).
The IELTS test is our stumbling block atm and she has just missed out by half a point on the reading section. She is resitting in November so fingers crossed this time.
Good luck in your applicaition and let us knwo how you get on. If you have any more questions then fire away...