Professional Standards & regulation
The Actuaries Institute represents the actuarial profession in Australia. As a profession, the public places its trust in the members of the Institute to hold high standards. In acknowledging the public’s trust, the Institute strives to ensure that its members uphold the highest technical, professional and ethical standards. The Institute is committed to holding its members accountable to those standards.
Code of Conduct
The Code of Conduct (the Code) sets out the standards of conduct to be observed by members of the Actuaries Institute. The Code is principles-based and encompasses all aspects of an actuary's life.
Professional Standards and Guidance
To uphold the standards of our profession and the practice of our members, we provide quality practice guidance and maintain and enforce strict professional standards.
CPD Compliance
To maintain high levels of expertise and professional standards, members are required to complete 100 points of Continuing Professional Development (CPD) each calendar year, including 5 Professionalism points. This is set out in Professional Standard 1: Continuing Professional Development (PS1).
Disciplinary Scheme
The rules that govern actuarial practice are upheld by a disciplinary process. The Disciplinary Scheme operates at arms length from the Institute's Council and Executive team.
Members’ Sounding Board
The Institute facilitates contact between actuaries and senior members of the profession to provide an avenue for confidential discussion of sensitive or ethical issues.
Actuarial Capabilities Framework
The Actuarial Capabilities Framework is the cornerstone upon which we build our qualification and CPD programs, outlining the core skills needed to practice as an actuary.
Actuaries as expert witnesses
Expert witness
The Institute facilitates contact between actuaries and senior members of the profession to provide support around serving as an expert witness. If you'd like to speak with another member who has served as an expert witness, please contact the President or the CEO, and they'll provide some names of actuaries who may be able to assist you.
