Application for exemption recommendation: The 2020 and 2021+ rules
The 2021+ rule (for students commencing their ACTL degree in 2021+)
From 2021, some changes to the 2020 rule (only CS1, CS2 and CB1 in Foundation Program) are made due to the introduction of the new Integrated First Year (IFY) and the recommendations from the Academic Program Review (APR) panel. These changes will be implemented in 2021 and onward. You can find the details in the 2020 and 2021+ Exemption Guidelines.
The 2020 rule (for students commencing their ACTL degree in 2020)
From 2020, the Actuarial Institute will be using the Foundation Program and Actuary Program. Go to Application for Exemption Recommendation: Original Transition Rule to find the details for the original transition rule before 2020. For the Foundation Program, if you were enrolled before 2020, refer to CT subjects for Part I. For the Actuary Program, if you completed all Part II subjects (A+B) or one of them before 2020, refer to Part IIA and Part IIB courses.
Exemptions
Exemptions are usually granted for Foundation Program (Part 1) courses when you have achieved Credit or above in the average of corresponding UNSW courses. Students must pass the course with a minimum mark of 50 to be included in the exemption mark calculation. Moreover, the exemption standard for actuary Program (Part II) is:
• Distinction (75%) or above until 2020 classes
• Credit (65%) or above in 2021 and onward classes.
All students are required to apply* to have an exemptions recommendation letter issued by the UNSW School of Risk and Actuarial Studies, for the Foundation Program and Actuary Program of the Actuaries Institute.
* Note: academic transcripts are no longer required.
If you commenced your study in 2018 and 2019, review the eligibility requirements for exemption.
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.
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.