Application for exemption recommendation

Original transition rule (Applicable for students commencing their ACTL degree in 2019 or earlier)

Students studying at UNSW Law Library

From 2019, the Institute of Actuaries of Australia (IAAust) made changes in their actuarial curriculum. As a result, the Parts I, II, and III are replaced by the Foundation Program (including, six subjects: CS1+2, CM1+2, CB1+2), Actuary Program and Fellowship Program respectively. 

UG/PG students commencing their degree in 2019 and earlier, will not have any changes in their curriculum relevant to the Part I. The exemption will be awarded based on the mapping to the new curriculum (Foundation Program). Please refer to the mapping table below. However, the students who commenced studies in 2018 and 2019 can achieve exemption by either this original transition rule or the 2020 rule depending on your situation. 

PART I (CT1-CT8)

FOUNDATION PROGRAM

CT3

CS1

CT4 & CT6

CS2

CT1 & CT5

CM1

CT8

CM2

CT2

CB1

CT7

CB2

  • PART I (CT1-CT8)

    CT3

    FOUNDATION PROGRAM

    CS1

  • PART I (CT1-CT8)

    CT4 & CT6

    FOUNDATION PROGRAM

    CS2

  • PART I (CT1-CT8)

    CT1 & CT5

    FOUNDATION PROGRAM

    CM1

  • PART I (CT1-CT8)

    CT8

    FOUNDATION PROGRAM

    CM2

  • PART I (CT1-CT8)

    CT2

    FOUNDATION PROGRAM

    CB1

  • PART I (CT1-CT8)

    CT7

    FOUNDATION PROGRAM

    CB2

Note that if an exam in the new curriculum has two applicable subjects in the current curriculum, they will need to obtain exemptions in both subjects to be able to obtain exemption in the new subject (CS2, CM1). 

For the Part II, students who obtain a full exemption from Part II (A+B) by the end of 2019 will continue to follow the previous path to be an Associate. If not, students need to study the subjects in the Actuary Program from 2020 (see the 2020 rule and check the information for the exemption standard). For the detailed information regarding transition arrangement please check the webpage of Actuaries Institute. 

For the Part III 7A, until 2020, UNSW actuarial students in the Honours degree or the Master of Actuarial Studies degree can attain exemption in the Enterprise Risk Management module by completing the courses ACTL4301/ACTL5301 and ACTL4302/ACTL5302 at the required standard. 

Exemptions are usually granted for Foundation Program (Part I) courses when you have achieved Credit or above in the average of the corresponding UNSW courses. 

Application instructions 

Students should submit the exemption applications in Foundation Program after they have completed all applicable subjects in their curriculum. Applications for Actuary Program will continue to be accepted with Foundation Program and separately.
Exemption form

Exemptions 

At UNSW, we offer programs that cover the Institute’s Foundation Program. You may be granted exemptions from Foundation Program subjects if you pass the relevant university subjects at grades that are consistent with the Actuaries Institute's standards. 
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