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Certificate of Investor Relations

About the Exam


30 Minutes


Closed Book




20 Questions - Multiple Choice

Exam Content: All questions have been derived from the presentations, course notes and reference materials provided in the online modules or delivered on Day 1 of the Diploma course.The questions address issues which an IR person would deal with on a day-to-day basis and should understand as a component of the IR function, strategy or best practice.Questions for the online exam will be selected randomly and may appear in any order based on the suite of seven modules of the online course:
  • Module 1: Introduction to the Practice of Investor Relations
  • Module 2: Introduction to Continuous Disclosure and Listing Rules
  • Module 3: Introduction to Capital Markets
  • Module 4 & 5:Beneficial Ownership and Strategic Shareholder Targeting
  • Module 6: The Language of the Capital Markets
  • Module 7: Developing a Strategic Investor Relations Program

To view a sample question, please CLICK HERE.

Exam Eligibility Criteria:

Only students who have completed the seven online modules or Day 1 of the Diploma of Investor Relations are eligible to sit this online Certificate examination.

Students have twelve (12) months from the date they enroll for the Certificate course to sit the exam. Outside of that time, students are required to undertake the full 7-module course again at their own cost.

Pass Mark:

70% - Students will be notified immediately of their result on completing the exam. The online exam is marked automatically and a simple pass or fail result generated.

Exam re-sit:

In the case that a student does not achieve the 70% pass mark, there is one exam re-sit allowed. Candidates who are eligible to re-sit the exam will be invited to do so once a date has been set.


Member: A$380 | Non-Member: A$420 (incl GST, includes one re-sit, should it be required)
Note:  As this exam is optional it is not included in the cost when you purchase the seven modules of the course.  It is a separate fee payable at the time of enrolling to sit it.

Exam Supervisor:

Please note that a supervisor is compulsory when sitting the exam.  For further information about the supervisor click on the Supervisor's Guide link.

If your nominated supervisor becomes unavailable, you must reschedule the exam to a date when you can be supervised.  Students are welcome to come into the AIRA office to be supervised or organise to be supervised via zoom, given the current COVID environment.  To arrange this, please contact the AIRA Secretariat by email administration@aira.org.au

The online exam can be completed at any time between 9am and 5pm on the scheduled exam date.

Exam re-sit:

In the case where a candidate does not achieve the 70% pass mark, there is one exam re-sit allowed.
Students who require a re-sit, can do so by re-enrolling through the AIRA website.

Where to sit the exam:

Students are able to choose a location of their choice to sit the online exam. The only prerequisites are as follows:

  • The computer must have both JavaScript and Java enabled on the browser; and
  • A nominated supervisor must be approved by AIRA. (To see the eligibility criteria and the role of the supervisor's please refer to the Supervisor's Guide above)
The process to follow:

Go to examination dates and enrollment information and select the exam date you wish to sit.  Please note, to confirm this enrollment you will need to proceed to checkout and click submit.

Enrollments must be received 10 days in advance of the exam.  At the time of enrolling to sit the exam you will receive a confirmation order that includes the examination link.  Please note, this link will only work on the day of your scheduled exam.

One week prior to the assessment date, AIRA will distribute a "Supervisor's Kit" to all approved supervisors. This kit contains information about:

  • how to access the exam;
  • the role of the supervisor;
  • the terms and conditions in which the exam must be conducted; and
  • materials that candidates are permitted to have access to while completing the exam.

Should a nominated supervisor not meet the criteria as set out in the Guide, the student will be requested to nominate an alternate.

Should an approved supervisor not receive information about the exam one week prior to the assessment date, they should contact the AIRA Secretariat on (02) 9872 9100.

For further information, please contact the AIRA Secretariat on (02) 9872 9100 or email administration@aira.org.au.

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