Hello Sumedh,
Master of Information Systems or Management Information Systems (MIS) has emerged as one of the top MS specialisations.
MIS is an interdisciplinary course and involves application of information technology to managerial strategies.
MIS also has multiple disciplines such as Business Information Management, IT strategy, Information Technology, Telecom Management etc.
Criteria for admission vary from college to college. Some selection panel gives provide more weightage to the preofessional experience while some require academic qualification along with the work experience.
Top MIS colleges in Australia are-
The University of Melbourne - Melbourne School of Information
Monash University
University of New South Wales
The University of Sydney
Curtin Business School / Information System / Curtin University
Hope this helps.
Good Luck!

Dear sumedh, 

Here are 3 best colleges to do your mis in Australia :

1.Melbourne business school,city of Melbourne 

2.AGSM school of MBA ,university of new  wales

3.La trobe business school