F1 (Pass Conceded), for grades between 53 and 55%. In Australia, degrees with honours typically follow a particular grading system. For undergraduate degrees with honours, an additional year of study is typically required. ... Complete Guide: University Grading System in Australia. GradeDescriptionPercentage H3Third Class Honours65-69% PPass50-64% NFail49% and below 3 more rows 20 Feb 2020