PUBLICATION

Higher Student & Guardian Funds Necessity

Increased Student and Student Guardian Financial Capacity Requirements

Migration LIN 23/070 – F2023L01349 – Evidence of financial capacity—Subclass 500 Visa and Subclass 590 Visa Amendment Specification 2023

This Instrument amends LIN 19/198 to increase the evidence of financial capacity for Subclass 500 and Subclass 590 visa applicants (indexed to CPI) for Migration Regulations 1994 criteria (regs 500.214 and 590.216). See the registered instrument F2023L01349 and Home Affairs pages for the Student (Subclass 500) and Student Guardian (Subclass 590) visas.

Updated financial capacity amounts:

Primary applicant: AUD 24,505

+ spouse or de facto partner: AUD 8,574

+ each dependent child: AUD 3,670

+ annual school costs for each school-aged dependent child: AUD 9,661

Personal annual income (no secondary applicant): AUD 72,465

Personal annual income (with a secondary applicant): AUD 84,543

This instrument also corrects minor drafting errors in the previous specification.

The Instrument commenced on 1 October 2023.

If you need help showing financial capacity or choosing the right evidence, speak with our immigration lawyers or contact Jameson Law on (02) 8806 0866.

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Gabriel Mackenzie

With 20 years of experience as a lawyer, Gabriel has practiced law since 1993, after completing double degrees in both Arts/Law from Macquarie University. She has been an immigration lawyer since 2011. Gabriel’s experience includes family visas, refugee/humanitarian visas, employer sponsored and skilled visas as well as a wide variety of other visas. Gabriel has also worked in criminal law, revenue law, administrative law, native title, personal injury law and equity/trusts law. She has worked in both government and private practice as well as being the Principle of her own firm. Gabriel is passionate about providing high quality legal advice to achieve her clients’ goals. Gabriel has travelled extensively. Her love of different cultures, combined with a passion for reuniting families and helping migrants settle, allows her to deliver expert legal service with a compassionate understanding of her client’s circumstances.

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Higher Student & Guardian Funds Necessity

Increased Student and Student Guardian Financial Capacity Requirements

Migration LIN 23/070 – F2023L01349 – Evidence of financial capacity—Subclass 500 Visa and Subclass 590 Visa Amendment Specification 2023

Speak to an Expert Lawyer today

Book your consultation

What our Clients

Related Publications: Immigration

What our clients say

.

Legal Answers ... In Short

We're here to help

Book your consultation

Our Sydney Offices

Court Houses We Frequent

Balmain Local Court

Bankstown Local Court

Blacktown Local Court

Burwood Local Court

Campbell Local Court

Central Local Court

Downing Local Court

Wollongong Local Court

Fairfield Local Court

Hornsby Local Court

Liverpool Local Court

Manly Local Court

Newtown Local Court

Parramatta Local Court

Penrith Local Court

Sutherland Local Court

Waverley Local Court

Windsor Local Court

Wollongong Local Court

Downing Centre District Court

Parramatta District Court

Penrith District Court

Campbelltown District Court

Liverpool District Court

Wollongong District Court

Supreme Court New South Wales

Federal Circuit and Family Court of Australia

Federal Court

High Court

Children’s Court of New South Wales

Coroner’s Court New South Wales

Industrial Relations Commission of New South Wales

Land and Environment Court of New South Wales

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