Terms and conditions
This information outlines the terms and conditions (Terms and Conditions) for all the CPA Australia and Australian Scholarships Foundation (ASF) scholarships. You must read these Terms and Conditions in their entirety before you submit your application to be considered for a scholarship. Information on how to apply for a scholarship and the scholarship details form part of these Terms and Conditions. By submitting your application you are agreeing to the requirements and conditions of the application process and your scholarship.
1.1 General criteria
To qualify for a CPA Australia CPA Program scholarship, in addition to meeting the enrolment requirements and selection criteria, you must:
- be over the age of 18 years;
- be eligible to enrol in, or enrolled in, the CPA Program;
- be residing in Australia (not necessarily Australian residents for tax purposes) for the duration of the scholarship.
1.2 Enrolment requirements
All scholarships are awarded on the basis that you will maintain an enrolled status in the CPA Program. Your scholarship may be terminated if your membership status is inactive at any time during the term of your scholarship.
Only applicants who meet the eligibility criteria and submit a complete application will be considered. If you do not meet the above criteria, please do not apply. Your application cannot be considered.
You are not eligible to apply for a scholarship if you or your immediate relatives are employed by CPA Australia. Immediate relatives mean parents or step-parents, siblings or step-siblings, children or step-children, spouse, civil partner or unmarried partner (where the couple have been in a relationship akin to marriage or civil partnership for at least two years).
2. Selection criteria
CPA Australia scholarships are for high calibre applicants with the interpersonal and intellectual qualities necessary to demonstrate that you are motivated to complete your CPA Program.
CPA Australia considers the following criteria when granting scholarships:
completion or near completion of an Australian Bachelor degree or equivalent;
written letter of reference from your current employer; and
academic merit throughout your CPA Program.
3. Application and selection procedure
3.1 Applying through the Australian Scholarship Foundation (ASF)
To apply, you must complete and submit an online application form on the ASF website.
Opening and closing dates for applications will be posted on the CPA Australia website and the ASF website. Applications received after the closing date will not be considered.
3.2 Review of applications
Applications will be reviewed against eligibility criteria and assessed by the Scholarship Award Committee (SAC) of CPA Australia. The SAC will decide which applicants will be awarded a scholarship.
4. Accepting your scholarship
All Applicants offered scholarships will receive a letter of offer from ASF, outlining how to accept or reject your scholarship and if accepted, how to activate scholarship awards (offer letter). If you do not complete the acceptance as instructed, your scholarship may be withdrawn and/or reallocated.
You must accept your scholarship offer by the due date, as instructed in your offer letter, to be eligible to receive payment.
5. Value of the scholarship and payment
5.1 Value of scholarship
The total value of your scholarship will be the total value of your CPA Program. More details will be included in your offer letter. Your scholarship will be terminated once you have been paid the total scholarship value or become ineligible to continue receiving payment.
5.2 How your scholarship is paid
No monetary payments will be paid to you. Your scholarship will be allocated against the tuition fees payable by you for your CPA Program enrolment.
6. Term of scholarship
Your scholarship is effective from the date awarded by CPA Australia and will be tenable for six (6) years from the award date.
7. Retention and academic requirements
7.1 Retaining your scholarship
To retain your scholarship, you must:
maintain enrolment in the CPA Program;
meet any additional criteria as outlined in your offer letter; and
provide information as requested by CPA Australia from time to time, during the term of your scholarship.
7.2 Academic requirements
Your academic progress will be reviewed each semester following the release of CPA Program segment results. CPA Australia will only contact scholarship recipients if they appear ‘at risk’ and/or are failing to meet CPA Australia’s expectations on academic performance.
It is CPA Australia’s expectation that candidates who fail any CPA program exam three times (whether it is for the same subject or different subjects) within the CPA Program, will have their scholarship cancelled. Once a scholarship is cancelled, further study must be funded by the candidate.
7.3 Changing employment
If you cease employment with the registered not-for-profit organisation that you named in your application, you must advise CPA Australia, however you will retain your scholarship award.
7.4 Deferring exams
Only one exam deferral is allowed per segment enrolment.
7.5 Deferring your scholarship
You may only defer a scholarship if you have successfully deferred your CPA Program enrolment. For more information on deferring your CPA Program enrolment, refer to changes to enrolment.
8. Termination of scholarship
8.1 Grounds for termination
Your scholarship will be terminated and you will receive no further payments from the date of termination, if any of the following occur:
You provide information in your application or during your scholarship, that is false or misleading;
You cease your membership with CPA Australia for any reason;
You fail any CPA Program examination three times (whether it is for the same subject or different subjects) within the CPA Program;
You fail to meet the eligibility criteria and conditions of your scholarship;
You are found guilty of a criminal offence.
8.2 Consequences of termination
If your scholarship is terminated, because you have ceased membership with CPA Australia, and you return to CPA Australia you are required to reapply for a scholarship. There is no guarantee that you will be re-offered the same scholarship or any other scholarship.
If your scholarship is terminated for any reason other than cessation of membership with CPA Australia, you will not be eligible for a scholarship in the future.
9. General Terms
9.1 CPA Australia does not discriminate on the grounds of race, religion, age, disability, gender or sexual orientation.
9.2 CPA Australia reserves the right to verify the validity of applications and disqualify any applicant tampers with the application process or that submits an application that is not in accordance with the terms and conditions.
9.3 Disqualification of any individual who CPA Australia has reason to believe has breached any of the Terms and Conditions, or engaged in any unlawful or other improper misconduct calculated to jeopardise the fair and proper conduct of the scholarship is at CPA Australia’s discretion.
9.4 In the event that for whatever reason, any aspect of a scholarship referred to in these terms and conditions is unavailable, CPA Australia reserves the right to substitute the unavailable aspect for an aspect of equal or greater value. Unless otherwise specified in these terms and conditions, except with the written consent of CPA Australia, the scholarship is not transferable or exchangeable and cannot be taken as cash. CPA Australia has absolute discretion as to whether it will provide such consent and need not provide any reasons to any person for providing or withholding consent
9.5 CPA Australia’s decision in relation to any and all aspects of the application process and the work experience is final and binding on every person who applies and no correspondence will be entered into.
9.6 CPA Australia is not responsible for any problems or technical malfunction of any telephone network or lines, computer or online systems, servers, or providers, computer equipment, software, technical problems or traffic congestion on the Internet or at any website, delay or error in postal service or any combination thereof, including but not limited to any injury or damage to your or any other person's computer related to or resulting from participation in in the scholarship.
9.7 In the event of war, terrorism, a state of emergency or a disaster, CPA Australia reserves the right (subject to any written directions under applicable law) to cancel, terminate, modify or suspend the application process or the scholarship.