Student visas - Increase to financial capacity

With the just released legislative instrument 19/198 the Department of Home Affairs has reviewed,

as of tomorrow 24th October,

the requested evidence of financial capacity for student visa applicants.

Not all student visa applications require the applicants to show evidence of funds, however, the Department of Home Affairs has the right to request such evidence.

The previous figures are updated as follows.

Student visa applicant must have access to:

$21,041 for a primary applicant (currently $20,290)

$7,362 for a spouse or de facto partner (currently $7,100)

$3,152 for a dependent child (currently $3,040)

Annual school costs (unchanged)

The Department will be satisfied that the requirement is met where the applicant can demonstrate an annual income of $62,222 (currently $60,000) where there is one only applicant;

$72,592 (currently $70,000) where there is a secondary applicant.

Make sure you meet the above requirement among the others before lodging your student visa application or ask for professional advice.