diff --git a/docs/release-notes/version-2.9.md b/docs/release-notes/version-2.9.md
index b08a35aca..fb1db7ad5 100644
--- a/docs/release-notes/version-2.9.md
+++ b/docs/release-notes/version-2.9.md
@@ -16,6 +16,7 @@
 * [#5410](https://github.com/netbox-community/netbox/issues/5410) - Restore tags field on cable connection forms
 * [#5433](https://github.com/netbox-community/netbox/issues/5433) - Exclude SVG files from front/rear image upload for device types (currently unsupported)
 * [#5436](https://github.com/netbox-community/netbox/issues/5436) - Show assigned IP addresses in interfaces list
+* [#5446](https://github.com/netbox-community/netbox/issues/5446) - Fix validation for plugin version and required settings
 
 ---
 
diff --git a/netbox/extras/plugins/__init__.py b/netbox/extras/plugins/__init__.py
index 159d1a023..0ea461344 100644
--- a/netbox/extras/plugins/__init__.py
+++ b/netbox/extras/plugins/__init__.py
@@ -3,7 +3,6 @@ import inspect
 from packaging import version
 
 from django.apps import AppConfig
-from django.conf import settings
 from django.core.exceptions import ImproperlyConfigured
 from django.template.loader import get_template
 
@@ -71,10 +70,10 @@ class PluginConfig(AppConfig):
             register_menu_items(self.verbose_name, menu_items)
 
     @classmethod
-    def validate(cls, user_config):
+    def validate(cls, user_config, netbox_version):
 
         # Enforce version constraints
-        current_version = version.parse(settings.VERSION)
+        current_version = version.parse(netbox_version)
         if cls.min_version is not None:
             min_version = version.parse(cls.min_version)
             if current_version < min_version:
diff --git a/netbox/extras/tests/test_plugins.py b/netbox/extras/tests/test_plugins.py
index 7cbe792d3..b47453aa7 100644
--- a/netbox/extras/tests/test_plugins.py
+++ b/netbox/extras/tests/test_plugins.py
@@ -86,21 +86,19 @@ class PluginTest(TestCase):
         """
         self.assertIn('extras.tests.dummy_plugin.*', settings.CACHEOPS)
 
-    @override_settings(VERSION='0.9')
     def test_min_version(self):
         """
         Check enforcement of minimum NetBox version.
         """
         with self.assertRaises(ImproperlyConfigured):
-            dummy_config.validate({})
+            dummy_config.validate({}, '0.9')
 
-    @override_settings(VERSION='10.0')
     def test_max_version(self):
         """
         Check enforcement of maximum NetBox version.
         """
         with self.assertRaises(ImproperlyConfigured):
-            dummy_config.validate({})
+            dummy_config.validate({}, '10.0')
 
     def test_required_settings(self):
         """
@@ -110,11 +108,11 @@ class PluginTest(TestCase):
             required_settings = ['foo']
 
         # Validation should pass when all required settings are present
-        DummyConfigWithRequiredSettings.validate({'foo': True})
+        DummyConfigWithRequiredSettings.validate({'foo': True}, settings.VERSION)
 
         # Validation should fail when a required setting is missing
         with self.assertRaises(ImproperlyConfigured):
-            DummyConfigWithRequiredSettings.validate({})
+            DummyConfigWithRequiredSettings.validate({}, settings.VERSION)
 
     def test_default_settings(self):
         """
@@ -127,10 +125,10 @@ class PluginTest(TestCase):
 
         # Populate the default value if setting has not been specified
         user_config = {}
-        DummyConfigWithDefaultSettings.validate(user_config)
+        DummyConfigWithDefaultSettings.validate(user_config, settings.VERSION)
         self.assertEqual(user_config['bar'], 123)
 
         # Don't overwrite specified values
         user_config = {'bar': 456}
-        DummyConfigWithDefaultSettings.validate(user_config)
+        DummyConfigWithDefaultSettings.validate(user_config, settings.VERSION)
         self.assertEqual(user_config['bar'], 456)
diff --git a/netbox/netbox/settings.py b/netbox/netbox/settings.py
index adae93bcc..9b1ccbb2b 100644
--- a/netbox/netbox/settings.py
+++ b/netbox/netbox/settings.py
@@ -621,7 +621,7 @@ for plugin_name in PLUGINS:
     # Validate user-provided configuration settings and assign defaults
     if plugin_name not in PLUGINS_CONFIG:
         PLUGINS_CONFIG[plugin_name] = {}
-    plugin_config.validate(PLUGINS_CONFIG[plugin_name])
+    plugin_config.validate(PLUGINS_CONFIG[plugin_name], VERSION)
 
     # Add middleware
     plugin_middleware = plugin_config.middleware