INTRODUCTION
The University of Melbourne will
be offering its Actuarial Practice and Control subjects (which collectively
cover Part II of the Institute of Actuaries of Australia (IAAust) syllabus for qualification as a Fellow of the Institute)
as distance education subjects this year, as well as part of an honours
degree.
The Actuarial Practice and Control subjects
are offered on a non-award basis, meaning that students can enrol in these
subjects without being enrolled in a degree or taking any other subjects at the
university.
For candidates resident in Melbourne, the
university offers a lecture series course. For candidates resident
outside Melbourne, either in other parts of Australia
or overseas, the Actuarial Practice and Control subjects are available as
distance education courses.
The university is
internationally recognised for actuarial teaching and research.
As a long established provider of the
distance education program, the University of
Melbourne is committed to providing a high quality
program to its distance students. The university has invested heavily in the
latest technology to ensure that distance students receive audio and video
streamed lectures of the highest quality, as well as providing them with the
opportunity to utilise online interactive communications with other students
(both distance and Melbourne students) and academic staff.
A team of established actuarial
professionals teaches the university subjects.
The advantages of this approach to the Actuarial Practice and Control
subjects includes staff who:
- collectively have a wealth of experience of actuarial practice;
- are up-to-date on current actuarial practices;
- are experts in different fields of actuarial practice.
The university provides audio and video streamed lectures as well as lecture material online. This means that distance students receive
exactly the same lectures as Melbourne students.
PREREQUISITES
FOR ENROLMENT
Part I of the IAAust actuarial syllabus is
required knowledge for the Actuarial Practice and Control subjects . You will
meet this requirement if:
- You have completed the actuarial undergraduate degree at one of
the Australian universities accredited by the IAAust to provide its Part I
education, and you have been
exempted from most of the IAAust Part I examinations. The currently accredited unversities are
Macquarie University, the University
of Melbourne, the University New South Wales, and the Australia National University.
- You may also be able to enrol if you have been exempted from
most of the Part I examinations and can demonstrate knowledge of the remaining
subjects. Applicants who fall into this category will be considered on
their individual merits.
Acceptance into the Actuarial Practice and
Control subjects will usually be automatic for applicants who meet the prerequisites
set out above. If you are uncertain
whether you meet the prerequisites, please contact the Centre for Actuarial
Studies.
THE DISTANCE EDUCATION
COURSE
Lectures
At the start of each semester, all students
are provided with a study guide that outlines how the subject will progress, informs students
of required reading, and gives instructions regarding assignments.
Assessment
In each subject, assessment consists of
written coursework components (assignments and/or projects) worth 30 percent
and a three-hour written examination at the end of semester worth 70
percent.
All assessments are conducted by the
university, with exams taking place within the university's examination
periods. Examinations will be held at
venues arranged by the University of Melbourne. Further details will be
supplied closer to the examination dates.
The examinations in all locations will be
held at the same times on the same dates. The first semester examinations will
be held in late June/early July and the second semester examinations will be
held in November. The actual dates will be advised by the university as soon as
they have been finalised.
Exam marks are released in accordance with
the university's academic calendar, with results posted on the Internet.
Communication
Students are encouraged to discuss lecture
content with each other and with staff.
An Online Tutor will be available through subject web pages, and
students may chat informally amongst themselves, or ask special questions of
staff.
Staff are also contactable via telephone,
facsimile and email. The preferred method
of communication is by email or Online Tutor question.
Application
Please print off an application
form and send it to:
Centre for Actuarial Studies
The University of Melbourne
Victoria 3010
AUSTRALIA
Fax: (03) 8344 6899
Tel: (03) 8344
5289
so that it arrives at least 10 working days
prior to the commencement of the relevant semester. It should be accompanied by
that semester's fee, payable by cheque, money order or selected credit card
(see application form).
FEES
The fee for each semester in 2007 will be
AUD$2,500
Please note that in order to obtain exemption
from Part II of the IAAust syllabus, candidates will be required to pay an
exemption fee of AUD$1,500 to the IAAust.
This exemption fee is for the whole IAAust Part II subject.
CANDIDATES REPEATING
IN 2007
If you sat the Actuarial Practice and
Control subjects prior to the current year but did not do well enough to be
eligible for an exemption from Part II of the IAAust syllabus, you may only
need to repeat one of the two current semesters. There may be cases, however, in which it is
advisable to repeat both semesters.
Please contact the Centre for Actuarial Studies if you are unsure what
to do.
If you need to repeat only the first or
second semester, you may not need to enrol for it until May or June in the
calendar year. Please contact the Centre for Actuarial Studies for further
details.
FOR FURTHER ENQUIRIES
PLEASE CONTACT:
Centre for Actuarial Studies
The University of Melbourne
Victoria 3010
AUSTRALIA
Tel: (03) 8344-5289
Fax: (03) 8344-6899
Email: actuarials@mercury.ecom.unimelb.edu.au
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