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Exemptions for students of the Actuaries Institute, Australia

If you have completed degree programmes at universities which have agreements with the Actuaries Institute we can grant exemptions from some of our exams.

Who is eligible for exemptions?

Members who joined the IFoA before 17:00 (BST) on 31 July 2019 and hold the exemptions for subjects from the Actuaries Institute Australia until 31 December 2021 maybe eligible for exemption from certain subjects (Core Principles and CP1).

Graduates from the following universities accredited by the Actuaries Institute Australia are eligible to apply for exemptions with the IFoA:

Australian National University, Bond University, Curtin University, Macquarie University, Monash University, University of Melbourne and UNSW Australia.

Please note, exemptions must be recognised/granted by the Actuaries Institute Australia before you can apply to the IFoA. We will not grant exemptions based documentation that only confirms eligibility or documentation received from the university.

Student members have until 31st December 2022 to claim their exemptions.

Who is not eligible for exemptions?

Members who joined the IFoA after 17:00 (BST) on 31 July 2019 are not eligible for exemptions based on the exam passes or exemption recognition from the Actuaries Institute Australia.  If you joined the IFoA after the 31 July 2019, please see the Transfer of Prior Learning category for further details before you consider IFoA student membership. If you joined the IFoA on or before 31 July 2019, but subsequently resigned or lapsed your membership, for a short period of time ( normally less than 12 months), you should contact Education Services to discuss your case.

From 1 January 2023 onwards the IFoA will not be accepting any applications for exemptions from the Actuaries Institute Australia.

Exemptions available are listed below.

Actuaries Institute exams passed before 31 December 2018 IFoA Fellowship exemptions
Part I You may be eligible to apply for exemptions from any of the CT1-8 exams
Part II A - the Actuarial Control Cycle You may be eligible to apply for an exemption from CA1
Actuaries Institute exams sat or passed between 1st January 2019 to 31 December 2021 IFoA Fellowship exemptions
Foundation Program You may be eligible to apply for exemptions from any of the CM, CB & CS exams
Actuary Program (Actuarial Control Cycle) You may be eligible to apply for an exemption from CP1

Further information is available from the Actuaries Institute.

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