Part II (Actuarial Control Cycle) 

Attention: Students that have just received Exemptions from their University will receive a letter from the Institute about how their exemptions will be formally granted by 2nd April 2007. If you have not received a letter from the Institute by this date, please contact Carmen Joseph on 02 9233 3466 or by email, carmen.joseph@actuaries.asn.au

This section provides information for students undertaking Part II (Actuarial Control Cycle) of the Institute education program. The Institute has a process of accrediting universities to teach and examine Part II (Actuarial Control Cycle). Four universities - the Australian National University (Canberra), Macquarie University (Sydney), the University of Melbourne (Melbourne), the University of New South Wales (Sydney) - offer accredited education programs that cover the Institute Part II syllabus. These programs are offered either as part of an undergraduate honours degree, as part of a post graduate qualification or as non-award subjects. Details of the course arrangements and enrolment procedures for all four universities are set out in this section, however students are advised to contact the university for full details

 

Prerequisites

 

Candidates who wish to undertake Part II (Actuarial Control Cycle) should contact the relevant university to discuss entry requirements and any prerequisites or assumed knowledge.

 

Available Part II Programs

 

Four Australian Universities offer accredited education programs that cover the Institute Part II syllabus:

 

·          Australian National University (Canberra)

·          Macquarie University (Sydney)

·          University of Melbourne (Melbourne)

·          University of New South Wales (Sydney)


Distance education options are available from Macquarie University and the University of Melbourne.

 

Australian National University

 

At the Australian National University (ANU), there are four options for taking the courses which comprise Part II: as part of an Honours year of the Bachelor of Actuarial Studies, as a non award course, as part of the Graduate Certificate of Actuarial Studies, or as part of the Masters of Actuarial Studies.

 

The ANU Part II course consists of lectures and tutorials, and also involves assignments and class work. Up to four sessions of one hour each occur every week. The times and locations are available prior to the first semester. For more information, please visit the ANU website or contact fas@anu.edu.au or +61 2 6125 4508.

 

Semester Dates

 

Semester I: 20 February - 7 April; 24 April - 2 June

 

Semester II: 17 July – 1 September; 18 September – 27 October

 

Enrolment Arrangements

 

Names of Courses

 

4th year Honours students and non-award students

 

Stat 4031 (Semester I) Actuarial Control Cycle I

Stat 4032 (Semester II) Actuarial Control Cycle II

 

Masters and Grad. Cert. in Actuarial Studies students

 

Stat 8040 (Semester I) Actuarial Control Cycle I

Stat 8041 (Semester II) Actuarial Control Cycle II

 

Application and Enrolment

 

Application forms are available from:

 

Admissions Office, Australian National University, Canberra ACT 0200

Tel: 61 (0)2 6125-3046 or Fax: 61 (0)2 6125-5594

 

The Admissions Office must receive applications for non-award courses by 31 January 2006. Applicants will be notified in February of their acceptance and then billed for the first semester’s fees. Applications for Masters in Actuarial Studies must be received by 17 December 2005.

 

Macquarie University

 

At Macquarie University, there are three options for taking the courses which comprise Part II: as part of an Honours year of the Bachelor of Commerce in Actuarial Studies, as part of the fourth year of a single or double degree program which incorporates the Bachelor of Commerce in Actuarial Studies, as a non-award course, or as part of the Masters of Commerce in Business.

 

In addition Macquarie University offers a choice of three delivery methods. The first comprises lectures and discussion sessions two afternoons per week on campus. The second offers one evening per week of discussion sessions in a central city location together with Internet delivery of course material. The third method is full distance education via the Internet. All three delivery methods also involve assignments and group discussion. Undergraduate students are normally expected to attend the campus classes. Postgraduate and non-award students may choose whichever delivery method they prefer.

 

Candidates who choose, now or at some future time, to enrol in the Macquarie University Master of Commerce in Business degree may have their passes in the two "Control Cycle" subjects offered by Macquarie counted towards that degree, provided they have not already been included as part of another degree.

 

For times and locations, contact the Actuarial Studies Department.

 

Semester Dates

 

Semester I: 27 Feb - 17 April; 2 May - 9 June

 

Semester II: 31 July – 15 September; 2 October – 10 November

 

Enrolment Arrangements

 

Names of Courses

 

For Masters of Commerce in Business students

 

ACST831 (Semester I) Actuarial Financial Management & Control 1

ACST832 (Semester II) Actuarial Financial Management & Control 2

 

For 4th year & non-award students

 

ACST400 (Semester I) Actuarial Planning & Control I

ACST401 (Semester II) Actuarial Planning & Control II


Application and Enrolment

 

For non-award courses:

 

Information about application can be downloaded via http://www.actuary.mq.edu.au/unit_info/Part2/index.shtml

 

For Masters Course:

 

Please download application form via http://www.gacc.mq.edu.au/mc_bus.htm

Please consult the Actuarial Studies Department website, http://www.actuary.mq.edu.au for enrolment deadlines and other details.

 

University of Melbourne

 

At University of Melbourne, there are two options for taking the courses which comprise Part II: as part of an Honours year of the Bachelor of Commerce or as a non-award course through the Community Access Program.

 

The University of Melbourne offers a choice of two delivery methods. The first comprises classes held on two evenings per week with assignments. The second is distance education by video streaming on the Internet, with assignments. (Classes held at the university are video recorded and the lectures made available on the Internet the following day).

 

For times and locations, go to the Centre for Actuarial Studies website at www.economics.unimelb.edu.au/actwww/

 

Enrolment Arrangements

 

Names of Subjects

 

For Honours students and non-award students:

 

300-410 (Semester I) Actuarial Practice and Control I

300-411 (Semester II) Actuarial Practice and Control II

 

Application and Enrolment

 

Students who wish to enrol in the Honours program must apply through the Faculty of Economics and Commerce

 

External students enrolling in the non-award Community Access Program can obtain application forms from:

 

Community Access Program

Faculty of Economics and Commerce Student Liaison Officer

University of Melbourne

Tel: (03) 83445317 or 1800 666 300

www.unimelb.edu.au/community/access/generalinfo.html

 

Application forms for enrolling in the distance education option for the non-award Community Access Program are available at www.unimelb.edu.au/community/access/generalinfo.html

 

University of New South Wales

 

At the University of New South Wales (UNSW), there are three options for taking the courses which comprise Part II: as part of an Honours year of the Bachelor of Commerce including Actuarial Studies, as a non-award course, or as part of the Masters of Commerce in Actuarial Studies.

 

The University of New South Wales (UNSW) course consists of lectures and tutorials held on one evening at UNSW each week, and also involves assignments and class work. The course involves active use of the Internet in both delivery and learning.

 

For times and locations, please contact the UNSW Actuarial Department.

 

Semester Dates

 

Semester I: 27 Feb – 13 April, 24 April - 8 June

 

Semester II: 24 July – 22 September; 3 October – 2 November

 

Enrolment Arrangements

 

Names of Courses

 

For 4th year Undergraduate Honours students and non-award students:

 

ACTL4001 (Semester 1) Actuarial Theory and Practice A

ACTL4002 (Semester 2) Actuarial Theory and Practice B

 

For Masters students:

 

ACTL5100 (Semester 1) Actuarial Theory and Practice A

ACTL5200 (Semester 2) Actuarial Theory and Practice B

 

Application and Enrolment

 

Application forms will be available from mid-November from either of the addresses below:

 

NewSouth Q
University of NSW
Tel: (02) 9385 3093
Fax: (02) 9385 1252

 

The Students' Centre
Faculty of Commerce and Economics
University of NSW, NSW 2052
Tel: (02) 9385 3187 / 9385 2366
Fax: (02) 9313 7767
Email: ceinfo@unsw.edu.au

 

For Masters Courses, Postgraduate Admissions must receive applications by 30 November 2005 for Semester One 2006 intake and 31 May 2006 for Semester Two 2006 intake. For Honours courses, continuing students at UNSW will continue to enrol as per normal.

 

For external students enrolling in non-award courses applications must be received by NewSouth Q, UNSW by late December. Exact dates should be confirmed with NewSouth Q.

Notification of the results of applications will be sent in February. The fee for each semester will be payable about four weeks after the start of semester.

 

Part II Syllabus

 

Part II Syllabus are available HERE

 

Part II Assessment

 

There are two types of assessment used in the Part II (Actuarial Control Cycle) course:

Coursework (assignments, projects and, where applicable, class presentations)

 

A three-hour examination at the end of each semester (at least 70% of the assessment is based on examination)


The Institute monitors educational standards through an accreditation process that reviews syllabus coverage, examination setting and marking, grade distribution and exemption level at each university.

 

The examinations in Sydney, Melbourne and Canberra will be held at the respective university campuses and administered by the universities. The Institute can provide administration support to distance education locations through its examination centres. Distance education candidates at locations other than Institute exam centres will be required to find a supervisor acceptable to the relevant university. The universities will advise the actual dates as soon as they have been finalised.

 

The Institute grants exemptions from Part II on the basis of university grades, which are consistent with Institute standards. Once the student has given authorisation to the relevant university, the university advises the Institute of the students’ eligibility for Part II exemption. If students are Institute members, they are then advised that they are eligible for exemption from Part II.

 

For the purpose of university grades, each semester will be assessed separately. For the purpose of exemption from Part II, results in the two semesters will be combined.

 

Exemption eligibility is:

 

an overall grade of Credit at the Australian National University;

 

an overall grade of Credit (B grade) at Macquarie University;

 

based on performance in end of semester examinations, and satisfactory completion of

assignments at University of Melbourne;

 

an overall grade of Distinction (75%) at the University of NSW.

 

Candidates repeating in 2006

 

If candidates sat the Part II (Actuarial Control Cycle) examinations previously but did not achieve an exemption level grade from Part II of the Institute syllabus, they may only need to repeat one of the two semesters. There may be cases, however, in which it is advisable to repeat both semesters. Candidates should consult the university lecturers if they are unsure what to do.

 

Part II Fees

 

Course Fees

 

Please contact the relevant university regarding the course fees payable by the student to enrol in each semester.

 

If candidates only need to repeat the second semester, they may not need to enrol for it until May or June 2006. Please check with the relevant university for details.

 

 

 

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For more information on the

Part II Education Program

please click on the

following link to the

2007 Education Handbook