From January 2010, members of the Institute who complete Part I, Part II, the three-year Practical Experience Requirement and the Professionalism Course can become an Associate of the Institute of Actuaries of Australia (AIAA) and use the designation 'Actuary'.
Associates cannot stand for Council or vote in Council Elections and Annual General Meetings.
The Actuaries Institute currently holds mutual recognition agreements with the following actuarial associations:
- Actuarial Society of South Africa (ASSA)
- Canadian Institute of Actuaries (CIA)
Associates of the above associations may be accepted as associate members of the Institute of Actuaries of Australia subject to satisfying the following conditions:
- The applicant must have qualified as an Associate by examination, and be a current financial Associate, of one of the above-mentioned bodies.