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.