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.