Yes, looks like ngai beat me to posting the changes.
Also, if you complete the major in 2006, old rules apply. Completing the major in 2008 means the new rules apply. Those stuck in between, finishing the major in 2007 will get to choose between the old and new rules.
I've checked with Bindya, and so I will be doing one ACTL300x subject next year (instead of this year), so that I will fall into the transition year - and thus get to choose what I can do. If I sit the ACTL300x subject this year, I'll have to do ACCT2542, Micro 2 etc.
But yes, Part II must be studied at Macq, UNSW, ANU or Melbourne. For UNSW, it means completing ACTL4001/4002 or ACTL5100/5200 - it doesn't matter whether it is non-award, honours, or electives in a double degree.
With the actual exemptions, does it really cost $230 per subject? And within 2 years of completing the "course" (or is that program/degree?) Or am I mis-reading something?
Part I Exemption Fee
If a student has been recommended for one or more Part I exemptions from one of the four accredited universities, the student is required to pay to the Institute an exemption fee. From 1 January 2006 the exemption fee will be A$230 per subject which must be paid within two years of completing the course, in order to gain exemption from the Institute Part I subject/s. No exemption fee is payable when a candidate who has passed Part I subjects (101-109 or CT1 - CT8) of the IoA (London) examinations seeks exemption from the corresponding subjects in Part I of the Institute syllabus.