In New Zealand schools, there are three different qualifications given for the 7th Form year. There is the Bursary, given as grades per subject. If your marks total up to enough over 5 subjects, you get an A or B Bursary. Providing you get at least 3 C's in bursary subjects, you are awarded University Enterance, a certificate allowing you into NZ universities. Then there is Higher School Certificate. This is awarded once you complete the 7th form. There may be some clause about having to actually pass some of the subjects taken, it's not important.

Now I gained a B Bursary, automatically gaining University Entrance. I did not however earn Higher School Cert., for the following reason.

I skipped the 4th Form in effect, taking 5th form a year early. This meant that I was technically a 6th former in my final year. Thus I did not get HSC, did not pass go, did not collect $200.

And the moral of this story? Being smart loses you qualifications.