What is a qualification in our brave new world?

The Australian Qualifications Framework defines qualifications.

Qualification is defined as follows: formal certification, issued by a relevant approved body, in recognition that a person has achieved learning outcomes or competencies relevant to identified individual, professional,industry or community needs.

A debate I hear often is about course accreditation, the handbook goes some way in clarifying such debates with definitions such as:

Accredited course means a structured sequence of VET that has been accredited by a state or territory course accrediting body and leads to an AQF qualification or statement of attainment.