I would say, "yes," but it seems a little strange. I haven't heard it used in quite this way before. It's hard to imagine getting three A levels with BAD passes. ("A pass" would be opposed to "a fail.")
If we throw in some percentage scores, let's say in a particular system "D" is considered passing, at 60%, and "E" is considered failing. "A" at 90% would have to be considered a pretty good grade/score/mark. Perhaps "A level" means something special that I don't know about. Or perhaps "good passes" means something special that I don't know about.
I should think it would be more natural to say, "To be considered for X, students must pass three courses with high A's." That is, eg., 97%. (Or, in three different terms (ranking periods) for the same course, the student must pass the term with high A's.)
It comes down to, What is common practice in the system to which this applies?