Recognition of prior learning (RPL) and credit transfer have become widely accepted and applied in the vocational education and training (VET) sector throughout the 1990s. This review documents their development between 1995 and 2001, giving an overview of Australian research with analyses of national data for the period. This report documents how and where RPL is applied and its perceived benefits and barriers. It also discusses emerging issues and implications for VET. The authors put forward policy proposals regarding RPL and credit transfer to enhance the flexibility of training and assessment in the VET sector and assessment practices nationally.