Yes, it is airing on ESPN, if you have that channel on Foxtel.
BCS Championship - 2012 BCS Championship Game 1-5 was released on: USA: January 2012
It stands for Bowl championship series.
The BCS began in 1998
The Miami Hurricanes defeated Nebraska in the BCS championship on January 3rd, 2002. Note that this was the championship of the 2001 season. The champions of the 2002 season were the Ohio State Buckeyes, who defeated Miami in the 2003 BCS championship.
"The BCS National Championship Game, presented by Allstate."
SportsCenter - 1979 At the BCS Championship was released on: USA: 7 January 2013
Bowl championship Series
The BCS championship game is the Bowl Championship Series which creates five of the bowl match-ups, including ten of the top ranked teams in the United States.
Florida
Bowl Championship Series.
LSU