ARITA Advanced Certification FAQ

(The ARITA Advanced Certification replaces the Insolvency Education Program - IEP)

The following is a list of FAQs about the new ARITA Advanced Certification:

1. Why has ARITA changed the course name and structure?
2. What's the course structure?
3. What content is covered in each subject?
4. Which elective should I choose?
5. Can I do both electives?
6. Can I do both electives at the same time?
7. Do I have to do both electives?
8. Who is ARITA partnering with to provide the ARITA Advanced Certification?
9. Can I undertake this course if I am not located in Sydney?
10. How much will it cost me to complete each subject?
11. What payment methods are available?
12. What will I receive at the end of the course?
13. When will Fundamentals of Restructuring, Insolvency and Turnaround commence?
14. When will the elective subjects commence?
15. Can I enrol in the ARITA subjects without being an ARITA subscriber/member?
16. What are the general requirements to enrol in the Advanced Certificate Program?
17. What is the enrolment process?
18. Can I start from Session 1 or 2?
19. How many hours per week will I have to commit to the course?
20. What will the assessment tasks be?
21. Will ARITA still run workshops?
22. Do I still do workshops if I am not located in a city where workshops are offered?
23. When I enrol, what information will I be provided with and how will I get it?
24. How many years do I have to finish the course?
25. What are the requirements for ARITA Professional Membership?
26. Can I apply for FEE-HELP loan scheme?
27. Can I apply for recognition of prior learning (RPL)?
28. How does the ARITA Advanced Certification compare to the IEP?
29. What if I have already completed my IEP?
30. Do I get the same benefits as other UTS students?
31. Who do I contact if I have questions?

 

Questions and Answers

  1. Why has ARITA changed the course name and structure?

    ARITA has upgraded its post graduate qualification to provide an education pathway for both insolvency and restructuring professionals. This was an obvious and necessary step in the process we began when we changed our name from the Insolvency Practitioners Association (IPA) to the Australian Restructuring Insolvency and Turnaround Association (ARITA). 

  2. What's the course structure? 

    The ARITA Advance Certification is made up of three subjects:

    • Fundamentals of Restructuring, Insolvency and Turnaround (core subject)
    • Advanced Insolvency (elective subject); and
    • Advanced Restructuring and Turnaround (elective subject).


    The core subject is offered in the first half of the year (Session 1) and the electives are both offered in the second half of the year (Session 2).

    All students are required to complete the core subject of Fundamentals of Restructuring, Insolvency and Turnaround before undertaking one of the elective subjects. The only exception is if you have already completed the IEP and are returning to undertake the Advance Restructuring and Turnaround elective (refer question 28).

    Depending on the elective you choose, you will complete either an Advanced Certificate in Insolvency or an Advanced Certificate in Restructuring and Turnaround.

    If you choose Advanced Insolvency, you will achieve an Advanced Certificate in Insolvency on successful completion of the course.

    If you choose Advanced Restructuring and Turnaround, you will achieve an Advanced Certificate in Restructuring and Turnaround on successful completion of the course.

    If you choose to complete both electives, you will achieve both an Advanced Certificate in Insolvency and Advanced Certificate in Restructuring and Turnaround.

    Each subject has 12 teaching weeks  plus a one-week mid-session break and a one-week study break.

    Further details about each subject are available on the relevant subject page – Fundamentals of Restructuring, Insolvency and Turnaround, Advanced Insolvency, Advanced Restructuring and Turnaround

  3. What content is covered in each subject?

    Core subject: Fundamentals of Restructuring, Insolvency and Turnaround

    Provides the foundation for restructuring and insolvency professionals by establishing the importance of professional conduct, builds the skills to identify insolvency and establishes a solid understanding of Australia’s formal restructuring tools.

    • The context of restructuring, turnaround and insolvency in Australia
    • Introduction to the Personal Property Securities Act 2009 (Cth)
    • Professional ethics
    • Establishing solvency and insolvency
    • Corporate recovery proceedings
    • Voluntary administrations and deeds of company arrangement
    • Schemes of arrangements
    • Workouts and restructuring
    • Introduction to cross-border insolvency


    For further detailed information about Fundamentals of Restructuring, Insolvency and Turnaround.

    Elective 1: Advanced Insolvency

    Ensures a solid understanding of Australia’s formal insolvency regime for both corporates and individuals as well as building an understanding of the complicated issues of PPSA, insolvency and trusts and cross border insolvency.

    • The context of corporate and personal insolvency
    • Liquidations
    • Bankruptcy, Personal Insolvency Agreements and Debt Agreements
    • Receiverships
    • Insolvency and trusts

    Elective 2: Advanced Restructuring and Turnaround

    Covers all operational aspects of restructuring and turnaround – developing skills applicable to restructuring assignments both within and outside a formal insolvency appointment.

    • Identifying a viable candidate
    • Assessing the potential for turnaround
    • Getting the right management team and accurate financial information
    • Financing options
    • Stakeholder analysis
    • Developing and implementing the plan
    • Refocusing the business
    • Process improvement
    • Implementing the longer-term business plan

  4. Which elective should I choose?

    You should choose Advanced Insolvency if you wish to become a registered liquidator or registered trustee in the future.

    You should choose Advanced Restructuring and Turnaround if you wish to concentrate your career on business advisory work that doesn’t include formal appointments.

  5. Can I do both electives?

    Yes, ARITA encourages this for those wishing to have the broadest possible education in the full spectrum of Restructuring, Insolvency and Turnaround.

    If you complete both electives, you will obtain both Advanced Certifications.

  6. Can I do both electives at the same time?

    Yes, you can. However it is important to note that there may be overlapping assessment due dates. Before enrolling in both electives in the same session, you should review the program outlines for the two electives to consider the study load in relation to your personal circumstances. It is also important to note that implications of taking both electives together (e.g. two assessments due at the same time) will not be considered by UTS to be valid grounds to request extensions.

  7. Do I have to do both electives?

    No, you do not. The education requirements for membership to ARITA are completion of the core subject and one elective. Depending on the elective, you will receive either an Advanced Certificate in Insolvency or an Advanced Certificate in Restructuring and Turnaround from ARITA. If you complete the core subject and both electives, you will complete both certifications.

  8. Who is ARITA partnering with to provide the ARITA Advanced Certification?

    ARITA is partnering with the University of Technology Sydney (UTS) Faculty of Law to provide our post-graduate level distance education course. 

  9. Can I undertake this course if I am not located in Sydney?

    Yes. The course is structured as a distance education in order to ensure that it is accessible to all students, no matter where they are located. UTS is highly experienced in providing distance education learning.

    ARITA supports this by providing our workshops face-to-face in Adelaide, Sydney, Melbourne, Brisbane and Perth as well as providing workshops via an electronic platform that is accessible to students outside of these cities (refer Question 21 for further information about workshops).

  10. How much will it cost me to complete each subject?

    To study any of the ARITA Advanced Certification subjects you must be a member of ARITA.
     
    If you are not already a member, you will have the opportunity to apply for Student subscription when you commence the enrolment process with ARITA. Full details are available on the enrolment page.

    In 2020, each subject costs $3,624.50 including GST. This fee is collected by the University when you complete your enrolment process online with UTS. For details of how to enrol, please refer to the enrolment page.

  11. What payment methods are available?

    Students will be able to pay ARITA for their Student subscription with Amex, Mastercard or Visa.

    Students will be able to pay UTS their course fee with Amex, Mastercard, Visa or request an invoice.

  12. What will I receive at the end of the course?

    Depending on the elective you choose, you will complete either an Advanced Certificate in Insolvency or an Advanced Certificate in Restructuring and Turnaround.

    All students are required to complete Fundamentals of Restructuring, Insolvency and Turnaround prior to choosing an elective.

    If you choose Advanced Insolvency, you will achieve an Advanced Certificate in Insolvency on successful completion of the elective.

    If you choose Advanced Restructuring and Turnaround, you will achieve an Advanced Certificate in Restructuring and Turnaround on successful completion of the elective.

    If you choose to do both electives, you will achieve both an Advanced Certificate in Insolvency and Advanced Certificate in Restructuring and Turnaround.

  13. When will Fundamentals of Restructuring, Insolvency and Turnaround commence?

    Enrolments  open for Fundamentals of Restructuring, Insolvency and Turnaround early November and the subject commences early March. 

  14. When will the elective subjects commence?

    Enrolments for Advanced Insolvency and Advanced Restructuring and Turnaround will open in early May , with studies commencing early August. 

    Although successful completion of Fundamentals of Restructuring, Insolvency and Turnaround (“Fundamentals”) is a pre-requisite for undertaking one of the elective subjects, you are able to enrol prior to receiving your results. If you are not successful in passing Fundamentals, UTS will withdraw you from the course by the last week of July  at the latest, and refund your enrolment fee, or you are able to withdraw yourself and receive a refund.

    If you have previously completed the IEP you will have met the pre-requisite requirements should you wish to return to complete Advanced Restructuring and Turnaround elective. 

  15. Can I enrol in the ARITA subjects without being an ARITA subscriber/member?

    No. ARITA Student subscription is required to eligible to enrol in any ARITA subjects being offered by UTS.  

    If you are not already a member, you will have to purchase the ARITA Student subscription prior to starting your enrolment. The Student subscription is paid to ARITA and is non-refundable.

    The ARITA subjects are not open to other students of UTS to enrol in unless they become ARITA Students.

  16. What are the general requirements to enrol in the Advanced Certificate Program?

    ARITA recommends that students have three years’ experience in insolvency or restructuring and turnaround prior to commencing the ARITA Advanced Certification.

    Students will benefit from having completed the Introduction to Insolvency Program (IIP) and Essential Skills series prior to commencing the ARITA Advanced Certification.

    The ARITA Advanced Certification subjects are of a post-graduate study level and are expected to challenge students completing them.

  17. What is the enrolment process? 

    Refer to the enrolment page for full details of the enrolment process. 

  18. Can I start from Session 1 or 2?

    All students must now commence the ARITA Advanced Certification with Fundamentals of Restructuring, Insolvency and Turnaround (“Fundamentals”) in Session 1 (first half of the year). Fundamentals is a prerequisite to both elective subjects which are offered in Session 2 (second half of the year) and build on the content covered during Session 1.

  19. How many hours per week will I have to commit to the course?

    This subject is provided via distance education and you are not required to physically attend UTS to complete any aspect of the university study or assessment tasks.

    You will need to commit approximately 8-10 hours per week to complete the university component of the course, plus if you are required to attend workshops for the particular subjects you are undertaking (Fundamentals of Restructuring, Insolvency and Turnaround; Advance Insolvency only), preparation for and attendance at ARITA workshops.  Each workshop runs for 1.5 to 2 hours and will take approximately 3 hours to prepare for.

    ARITA's workshops are offered in Adelaide, Sydney, Melbourne, Brisbane, and Perth and if you are located in one of these cities you are required to attend your allocated workshops. If you are not located in one of these cities, ARITA offers online workshops through an electronic classroom. You select your workshop as part of the enrolment process.

  20. What will the assessment tasks be?

    The assessment tasks for each subject will be:

    Fundamentals of Restructuring, Insolvency and Turnaround:
    University component
    • Ethics case study (compulsory pass component)
    • Problem-based assignment
    • Take home exam (compulsory pass component)

    ARITA workshops (2)
    • Submitted written answers
    • Participation in workshops
    • Marked written answers (if workshop not attended)

    Advanced Insolvency:
    University component
    • Problem-based assignment
    • Online researched presentation
    • Take home exam (compulsory pass component)

    There will be self-review (non-assessable) quiz questions posted online though the course.

    ARITA workshops (3)
    • Submitted written answers
    • Participation in workshops
    • Marked written answers (if workshop not attended)

    Advanced Restructuring and Turnaround
    University component
    Case study
    • Individual client advice letter
    • Research paper
    • Group strategy document
    • Individual presentation of group strategy


  21. Will ARITA still run workshops?

    Yes, ARITA will run two workshops as part of Fundamentals of Restructuring, Insolvency and Turnaround and three workshops as part of Advanced Insolvency.

    The content covered during the workshops will build on the content covered in the university component of the subject and will give students the opportunity to discuss practical issues with insolvency practitioners and lawyers. They also give students an opportunity to network with peers and industry leaders.

    You will have the opportunity to register for your workshops when you commence your registration process with ARITA.

    In the Advanced Restructuring and Turnaround subject, students will instead do some of their assessment tasks as part of a small group.

  22. Do I still do workshops if I am not located in a city where workshops are offered?

    ARITA offers online workshops through an electronic classroom so that all students can obtain the benefits of attending workshops.

  23. When I enrol, what information will I be provided with and how will I get it?

    ARITA will provide you with online access to the materials that you need to prepare for your workshops (Fundamentals of Restructuring, Insolvency and Turnaround and Advance Insolvency only).

    Prior to the subject commencing, UTS will provide you with access to UTSOnline - the web-based tool used at UTS to provide online learning to students.  UTSOnline will provide you with online access to subject content, online discussions, journals, announcements, email, virtual chat, quiz and survey tools, files, web links, group areas, assignments, webinars, grading and feedback.

    Any questions about workshops should be directed to ARITA at education@arita.com.au

    Any questions regarding the UTS subject, assessment and access to UTSOnline should be directed to the UTS Faculty of Law Short Course Office (email) law.shortcourses@uts.edu.au. (phone) 02 9514 3071.

  24. How many years do I have to finish the course?

    You have to complete the ARITA Advanced Certification, which is the core subject and one elective, within two years. 

    If you choose to complete the additional elective to achieve a further Advanced Certificate, we will recognise your initial studies for a period of five years, or as long as you can demonstrate continuing professional development in insolvency or restructuring and turnaround since completion of your initial Advanced Certificate.

  25. What are the requirements for ARITA Professional Membership?

    A pathway to ARITA Professional Membership requires completion of the ARITA Advanced Certification. This can be achieved through completion of the core subject and one elective. Depending on the elective, you will complete either an Advanced Certificate in Insolvency or an Advanced Certificate in Restructuring and Turnaround. Both certifications provide a pathway to membership as a Professional Member.

    There are also experience and other requirements in order to be eligible for ARITA membership. Full information about ARITA membership can be obtained from the Membership section of the website.

    ARITA will continue to recognise studies completed under the IEP towards membership, where those studies were undertaken prior to the end of 2015. From 2016 onwards, studies will be required to be completed as part of the new ARITA Advanced Certification to be recognised for ARITA membership.

    Completion of an insolvency course other than the ARITA Advanced Certification will not meet the requirements for membership of ARITA.

    Please note: while completion of the ARITA Advanced Certification is a pre-requisite for ARITA Professional Membership, completion by itself does not guarantee you will be accepted as an ARITA Professional Member at any time in the future.

  26. Can I apply for FEE-HELP loan scheme?

    Not, not for the ARITA Advanced Certification subjects.

  27. Can I apply for recognition of prior learning (RPL)?

    Recognition of prior learning (RPL) is not possible for this course as is has been specifically developed by ARITA in conjunction with UTS and it is the only education pathway to becoming an ARITA Professional Member.

  28. How does the ARITA Advanced Certification compare to the IEP?

    Students that choose to complete both Fundamentals of Restructuring, Insolvency and Turnaround (Fundamentals) and the Advanced Insolvency elective and thus obtain an Advanced Certification in Insolvency, will cover all of the same insolvency issues and topics that were covered in the IEP. Under the new course there will be greater coverage of issues such as ethics, PPSA and trusts. The subjects will be topical and deal with advanced issues appropriate to post graduate level standard study. 

    On successful completion of Fundamentals and Advanced Insolvency subjects, you will have completed a specialist corporate insolvency course which is discussed in ASIC's Information Sheet 34 (How to Apply for Registration as a Liquidator).

    The subjects in the ARITA Advanced Certification will be structured and presented differently to the IEP, with different assessment tasks.

    The Advanced Restructuring and Turnaround subject is a completely new elective under the ARITA Advanced Certification.

  29. What if I have already completed my IEP?

    ARITA will continue to recognise IEP modules completed prior to the end of 2015 as meeting the educational requirements for membership of ARITA.

    Members or past students that have already completed the IEP are encouraged to return to complete the Advanced Restructuring and Turnaround elective. Past students who return and complete the Advanced Restructuring and Turnaround elective will be entitled to receive an Advanced Certificate in Restructuring and Turnaround. 

    ARITA will recognise prior completion of the IEP if you completed your IEP within the previous 5 years, or as long as you can demonstrate continuing professional development in insolvency or restructuring and turnaround since completion of the IEP.

  30. Do I get the same benefits as other UTS students?

    Students enrolling in ARITA’s subjects with UTS will receive access to the UTS Library databases and UTSOnline (the web-based tool used at UTS to provide online learning to students), and wireless internet access if they visit the UTS campus. The UTS Library can be accessed for study purposes at a small fee per year (loan privileges are not available). Contact the UTS Faculty of Law Short Course Office for further details (email) law.shortcourses@uts.edu.au.

  31. Who do I contact if I have questions?

    If your question is about the ARITA Advanced Certification program, obtaining a certification, transitional issues, the status of your IEP studies, returning to study, meeting pre-requisite requirements or workshops, please contact:

    Education team
    education@arita.com.au
    02 8004 4351

    If your question is about enrolling in the subjects after you have registered with ARITA please contact UTS Short Courses, please contact:

    support.open@uts.edu.au
    02 9514 2912

    Following enrolment in the short course at UTS, please contact the UTS Faculty of Law if you have questions are about course content, assessment, accessing UTSOnline or University rules and policy related to short course study at UTS:

    law.shortcourses@uts.edu.au
    02 9514 3071