Graduate Diploma exemptions policy

1.0 Introduction

This policy applies to all students enrolled or intending to enroll in the Graduate Diploma of Applied Corporate Governance course.

2.0 General

2.1 A maximum of two subject exemptions are available.

2.2 Subject exemptions are only granted on the basis of demonstrated equivalent prior studies.

2.3  Evidence of subject content or relevant work experience may be requested to support an application for exemption.

2.4 Holders of overseas degrees may be required to provide subject outlines for relevant subjects.

2.5  An applicant’s previous knowledge must be current in the context of the Graduate Diploma in order for subject exemptions to be approved. Evidence of currency may be requested. For example; evidence of current membership to CPA or CA ANZ or practising certificate, evidence of CPD activity or professional work experience.

2.6  Exemptions are processed concurrently with the enrolment into the Graduate Diploma (see Graduate Diploma Admissions Policy).

3.0 Pattern of exemptions

The normal pattern for the exemptions available and the subjects required to be completed to be awarded the Graduate Diploma will relate to the nature of prior studies, as shown below.

3.1 Business graduates (majoring in Accounting and/or Finance)

Possible subject exemptions:

  • Corporate Accounting
  • Corporate Financial Management.

If exemptions are granted, you must successfully complete:

  • Applied Corporate Law or Applied Administrative Law
  • Corporate Accountability: Meetings and Disclosure or Public Sector Accountability and Transparency
  • Corporate Governance
  • Risk and Compliance.
3.2  Law graduates

Possible subject exemptions:

  • Applied Corporate Law or Applied Administrative Law
  • Corporate Accounting*

If exemptions are granted, you must successfully complete:

  • Corporate Accountability Meetings and Disclosure or Public Sector Accountability and Transparency
  • Corporate Governance
  • Risk and Compliance
  • Corporate Financial Management.

* An exemption from this subject may be granted.

3.3 Graduates in both business (majoring in Accounting and/or Finance) and Law

If exemptions are granted, you must select either of the following two options.

 Option 1 Option 2
Subject exemptions:
- Corporate Accounting
- Corporate FInancial Management
Subject exemptions:
- Corporate Accounting
- Applied Corporate Law or
- Applied Administrative Law
You must successfully complete:
- Applied Corporate Law or Applied Administrative Law
- Corporate Accountability Meetings and Disclosure or Public Sector Accountability and Transparency
- Corporate Governance and
- Risk and Compliance
You must successfully complete:
- Corporate Accountability Meetings Disclosure or Public Sector Accountability and Transparency
- Corporate Governance
- Risk and Compliance and
- Corporate Financial Management
3.4 Graduates with other degrees

No subject exemptions are available. 

You must successfully complete:

  • Applied Corporate Law or Applied Administrative Law
  • Corporate Accountability: Meetings and Disclosure or Public Sector Accountability and Transparency
  • Corporate Governance
  • Risk and Compliance
  • Corporate Accounting
  • Corporate Financial Management.

 A document may be certified by an accountant, lawyer or JP. 

Version Approved by   Date
3.0      Director, Education & Training 5 November 2008
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The role of well trained and experienced governance advisers is a crucial part of any effective governance framework. John Hatton FGIA, former Company Secretary, Commonwealth Bank