Immigration News alert

Changes to Migration Assessments
Effective 1st July, 2015

 

If you are seeking approval under our current rules for migration purposes, please note you must submit your application in advance of the submission deadline dates listed below.

                                        **** SUBMISSION DEADLINES ****

Fast Track 30 Applications
Please note that Fast Track 30 applications, with completed attached documents, must be submitted to the IPA Head Office in Melbourne in person, or via email, by 12 noon on Monday 29th June 2015. 
Fast Track 5 Applications
Please note that Fast Track 5 applications, with completed attached documents, must be received by the IPA via post, or via email, by 12 noon on Thursday 25 June 2015. 

What changes are taking place?

Changes to the assessment criteria will be implemented with effect from Wednesday, 1 July 2015.  The total number of core knowledge areas will be consolidated the current 12 down to 9 core areas.

The following core knowledge areas are now consolidated into one core knowledge area respectively:

Current
With effect from
1 July 2015
Financial and Corporate Accounting

Contemporary Accounting Issues (including standards and theory)
Financial Accounting and Reporting
Commercial Law (including contracts)
Corporate Law
Business Law
Accounting Information Systems
Removed

Candidates must meet at least seven (7) core knowledge areas, with the exception of External Auditors and Taxation Accountants, who must meet at least eight (8) respectively as indicated below.

Core Knowledge Areas
Accountant (General)ANZSCO 221111
External Auditor ANZSCO 221213 
Management Accountant  ANZSCO
221112
Taxation Accountant  ANZSCO 221113
Finance Manager ANZSCO 132211 
Corporate Treasurer ANZSCO 221212
Basic Accounting
compulsory
 compulsory
 compulsory
 compulsory
 compulsory
 compulsory
Cost & Management Accounting 
compulsory
 compulsory
 compulsory
 compulsory
 compulsory
 compulsory
Financial Accounting & Reporting
compulsory
 compulsory
compulsory 
 compulsory
 compulsory
 compulsory
Financial Management
compulsory
 compulsory
compulsory 
 compulsory
 compulsory
 compulsory
Auditing & Assurance
optional
 compulsory
 optional
 optional
optional 
 optional
Business Law (including Corporate Law)
compulsory
 compulsory
compulsory 
compulsory
 compulsory
 compulsory
Taxation Law
optional
 optional
 optional
 compulsory
*Australian Taxation Law
 optional
 optional
Economics
compulsory
 compulsory
 compulsory
 compulsory
compulsory
 compulsory
Statistics
compulsory
 compulsory
compulsory
 compulsory
 compulsory
compulsory

English Language Competency
We will maintain the  current English language competency benchmark.  

What does this mean for me?
If you have submitted your application already or plan to submit your application for assessment in June, and we have received all the documents required for your assessment, we will endeavor to complete your assessment before Wednesday 1 July 2015. Please consider the current processing times when submitting your documents.

If you have already received a positive assessment outcome from the IPA, your assessment remains valid and the changes will not affect you.

If you have received an assessment outcome from us, and have been advised to complete further studies to meet the core knowledge criteria, you will need to consider the new competency areas when choosing your study plan.