The remaining steps needed to be undertaken successfully to gain accreditation are conducted through the Institute of Actuaries of Australia (IAAust). For full details of requirements you are advised to visit the Actuarial Education Program section of the IAAust website. A brief overview of the pathway is provided below.

Part III

The Part III education program is offered through the Institute, and students are required to complete four half-year courses:

• Module 1 Investments (compulsory);
• Module 2 & 3 Specific Practice Area –
• •  either Life Insurance (Part A) & Life Insurance (Part B)
    or
    General Insurance (Part A) & General Insurance (Part B)
    or
    Superannuation & Planned Savings (Part A) & Superannuation & Planned Savings (Part B)
    or
    Investment Management & Finance (Part A) & Investment Management & Finance (Part B)
• Module 4 Commercial Actuarial Practice (compulsory).

Institute Professionalism Course

After completing Parts I, II and III, students are required to attend the Institute Professionalism Course before becoming a Fellow (FIAA). The Professionalism Course delivers knowledge of the obligations, risks and the legal responsibilities of being a member of the actuarial profession. It focuses on the Institute Code of Conduct and its practical applications, the ethical requirements of being an actuary and the dilemmas likely to be faced in practice. Visit the IAAust website for full details

Practical Experience Requirement

All students who complete all Part III Exams in or after 2001 will also need to satisfy the Practical Experience Requirement, before final accreditation as FIAA.