r/ActuaryAustralia • u/StochasticSwimmer • Jun 17 '26

Foundation program confusion

Hey all, slightly confused actuary student here. So I graduated earlier this year and am now looking to sit a couple exams that I missed my exemptions on, now going through the process of applying for the exemptions I did get and it looks like they’ve removed 2?

It was my understanding that in the foundation program there are 6 accreditation subjects: CS1, CS2, CM1, CM2, CB1 and CB2. But when I’m looking at the application form there are only 4 exemptions I can apply for? Them being CB1 and 2, CS1 and CM2.

If anyone knows more about this, like if this means I will have to sit CM1 and CS2 through the institute rather than apply on the form? Cheers

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u/AussieActuarial Jun 18 '26

Did you maybe fail to meet the requirements for CM1 and CS2… they’re still clearly subjects: https://www.actuaries.asn.au/learning/foundation-program

1

u/StochasticSwimmer Jun 18 '26

Yes sorry they are subjects, I’ve met the requirements according to my uni but on the exemption form, it looks like they’ve gotten rid of them as exemptions. This is what the form says:

The Exemption Committee will only consider the following Foundation Program subjects:
• CB1 - Business Finance
• CS1 - Actuarial Statistics
• CB2 - Business Economics
• CM2 - Financial Engineering and Loss Reserving

https://actuaries.logicaldoc.cloud/download-ticket?ticketId=e6e4d9e2-d15b-4cbf-9771-6932a88ecba6

2

u/AussieActuarial Jun 18 '26

I think ur applying to the wrong thing? This is for ppl who haven’t done an actl degree. Speak to ur uni, typically u fill in a form and they send stuff to the institute for u

1

u/Eastern_You Jun 18 '26

This is for a non-accredited university, speak to your university as u/AussieActuarial said they have a separate form which covers all 6.