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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.