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From 2019, the Institute of Actuaries of AustraliaÌý(IAAust) madeÌýchanges 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 FellowshipÌýProgramÌýrespectively.Ìý

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 2019ÌýcanÌýachieve exemption by either this original transition rule orÌýthe 2020 ruleÌýdepending on your situation.Ìý

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).Ìý

For the Part II, students who obtain a full exemption from Part II (A+B) by the end of 2019 will continue to follow theÌýpreviousÌýpath to be an Associate. If not, students need to study the subjects inÌýtheÌýActuary Program from 2020 (see the 2020 ruleÌýand check the information for the exemption standard). For the detailed informationÌýregardingÌýtransition arrangement please check the webpage of Actuaries Institute.Ìý

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

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.Ìý