hello!
yeh i'm in first year com lib, it's heaps radsome
it's a commerce degree but heaps more flexible. you still do 2 commerce majors, and you can choose to do a 3rd one from commerce, arts or science. the reason you can do this is because it's a 4yr degree, and you won't have to do the compulsory 1st year units that straight commerce students have to take. (accounting, econometrics, economics and information systems) basically you look at what majors you might be interested in taking, and just do the junior units for them. ie. you won't have to touch book keeping accounting unless you want to major in it
the advantage of having a 4 year degree is that it allows you to undertake further study in countries like the US or japan as their prerequisite is a 4 year degree cos that's the system them have. it also means you get to take at least 4 arts (that includes history and languages, sociology etc) and 2 science units (includes psychology)