WE'RE IN IT TO WIN IT

Book your consultation

Book Now Mobile

Increased Student and Student Guardian financial capacity requirements

Table of Contents

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 required for applicants for Subclasses 500 and 590 visa in line with the CPI to for Regs 500.214 and 590.216

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

The personal annual income for the primary applicant, where there is no secondary applicant: AUD 72,465

The personal annual income for a primary applicant where there is a secondary applicant: AUD 84,543

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

The Instrument commenced on 1 October 2023.

Shape

02 8806 0866

Book Online

WE GET IT

Explore More Legal Resources and Articles

The Business Innovation and Investment Visa

Note: The Business Innovation and Investment Programme is currently closed to new applications until further notice. Australia’s Business Innovation and Investment Visa program has stirred

WE'RE IN IT TO WIN IT

Book your free consultation

Scroll to Top