Credit refers to a reduction in the points required to complete a Murdoch qualification, due to prior studies undertaken elsewhere before the commencement of the Murdoch qualification. It normally shortens the time required to complete the degree or diploma, provided all the requirements of the Murdoch qualification have been met. Part I refers to first year level requirements. Part II refers to second, third, and fourth year level requirements.
Exemptions refer to specific units from which students are exempt.
A unit exemption recognises that the student completed work elsewhere that substantially duplicates the content of Murdoch units which make up the requirements of the programme of study selected by the student. Therefore it is possible to receive one semester of credit and no exemptions or, at the other extreme, to receive substantial unit exemptions and no credit. Of course, it is also possible to receive both credit AND exemptions. Murdoch tend to be made up of required units, programme electives, and general electives. You can only use your credit toward required units and programme electives if you are awarded specific exemptions for those units.