Do you mean as a student paramedic with VIC UNI or Monash or as a student with AV?
I think you as a uni student. The eppaulettes worn by uni students are not a reflection of rank, merely that you are a uni student. Yours say "paramedic student" which i find misleading / deceptive, and far prefer the CSU method of not having a uniform that identifies you anyway as an ambulance officer or paramedic, have had issues at more than one scene because of this.
If you mean as a student with AV the answer is still yes, though what it is depends on weather you are a graduate or still completing your degree. If you have graduated you will have a blue line and a blue cadeuces for the first six months and then a blue cadeucues and the words "graduate paramedic". If you have not finished your degree, you will have a sibngle blue line and after six months you will have 3 blue lines.
The reason for changes in eppaullettes at 6 months is the time in which you go from being "dependent" and work exlusively with instructors and are audited case by case, to being dependent where you work with qualified paramedics whoa are not instructors and you are audited monthly.
at least, thats how its supposed to be
hope this helps
Hope this is what your after.