Proportional financial evidence for student and guardian stays under twelve months

Policy effect

For student and student guardian visa applicants staying less than twelve months, the replacement instrument specifies pro rata living-cost evidence and, where applicable, pro rata schooling costs; it defines the calculation as the annual amount divided by 365 and multiplied by the intended number of days. It commenced on 21 March 2017, the day after registration.

Conditions and exceptions

Validated condition or limit: It commenced on 21 March 2017, the day after registration.

Official source excerpt

Quoted verbatim from the official source below. Ellipses indicate omitted text.

IMMI 17/012 Commonwealth of Australia Migration Regulations 1994 EVIDENCE OF FINANCIAL CAPACITY FOR SUBCLASS 500 (STUDENT) VISAS AND SUBCLASS 590 (STUDENT GUARDIAN) VISAS 2017/012 (Subclauses 500.214(4), 500.313(4) and 590.216(4)) I, DAVID WILDEN, Delegate of the Minister for Immigration and Border Protection, acting under subclauses 500.214(4), 500.313(4) and 590.216(4) of Schedule 2 to the Migration Regulations 1994 (the Regulations): 1. REVOKE Instrument IMMI 16/018 (F2016L00639), Evidence of Financial Capacity for Subclass 500 (Student) Visas and Subclass 590 (Student Guardian) Visas 2016/ … Instrument: a) if the applicant’s intended stay in Australia is for a period of 12 months or longer, the annual living costs and expenses amounts for the first 12 month period is: i. for a student—$19,830 AUD; ii. for a student guardian—$19,830 AUD; iii. for a spouse or de facto partner—$6,940 AUD; iv. for a dependent child—$2,970 AUD; or b) if the applicant’s intended stay in Australia is for a period that is less than 12 months, the living costs and expenses amount is the pro rata equivalent of the annual amounts specified in paragraph a) of this item. 6. SPECIFY the following evidence of fi … nancial capacity that satisfies the requirements specified in item 2, item 3 and item 4 of this Instrument: a) money deposit with a financial institution; b) loan with a financial institution; c) government loans; d) scholarship or financial support. 7. SPECIFY for the purposes of subclause 500.214(3) of Schedule 2 to the Regulations, for each Secondary Applicant who is a child of school-age, the evidence to be provided by the applicant of either: a) the annual minimum amount for schooling of $8000 per annum; or b) if the applicant’s intended stay in Australia is for a period that is less than … 12 months, 3 Authorised Version F2017L00267 registered 20/03/2017 IMMI 17/012 the amount specified for schooling is the pro rata equivalent of the annual amount specified in paragraph a) of this item; or c) enrolment in a course at a State or Territory government school where the fees have been waived and the applicant meeting the primary criteria is enrolled in a course as a: i. doctoral degree student; or ii. Foreign Affairs student; or iii. Defence student; or iv. Commonwealth sponsored student. 8. SPECIFY the following annual income amounts that satisfies the minimum requirements specifie … made. 10. In this Instrument, the pro rata equivalent of an annual amount is calculated by: a) dividing the annual amount by 365; and b) multiplying the resulting number by the number of days the applicant is intending to stay in Australia. 4 Authorised Version F2017L00267 registered 20/03/2017 IMMI 17/012 This Instrument, Evidence of Financial Capacity for Subclass 500 (Student) Visas and Subclass 590 (Student Guardian) Visas 2017/012, IMMI 17/012, commences on the day after it is registered on the Federal Register of Legislation. Dated: 17 March 2017 DAVID WILDEN Senior Executive Service, B … 018. 2. SPECIFY under subclause 500.214(4) of Schedule 2 to the Regulations and for the purposes of subclause 500.214(3) of Schedule 2 to the Regulations, that the applicant seeking to satisfy the primary criteria of a Subclass 500 (Student) visa (Primary Applicant) must give to the Minister evidence of financial capacity of the following requirements: a) sufficient funds to meet the following costs or expenses of the Primary Applicant, as specified in item 6 of this Instrument: i. travel expenses; and ii. living costs and expenses as specified in item 5 of this Instrument; and iii. course fee … epartment of Foreign Affairs and Trade; or f) for a Primary Applicant sponsored by the Department of Defence—a letter of support from the Department of Defence. 3. SPECIFY under subclause 500.313(4) of Schedule 2 to the Regulations and for the purposes of subclause 500.313(3) of Schedule 2 to the Regulations, that a Secondary Applicant must give to the Minister the evidence of financial capacity that corresponds with the circumstances applicable to the Secondary Applicant in the Schedule to this Instrument. 4. SPECIFY under subclause 590.216(4) of Schedule 2 to the Regulations and for the purp … oses of subclause 590.216(3) of Schedule 2 to the Regulations, that the applicant seeking to satisfy the primary criteria of a Subclass 590 (Primary Student Guardian Applicant) visa must give the Minister evidence of financial capacity of the following requirements: a) sufficient funds to meet the following costs or expenses of the applicant, as specified in item 6 of this Instrument: i. travel expenses; and ii. living costs and expenses as specified in item 5 of this Instrument; and b) sufficient funds to meet the following costs or expenses of the Primary Student Guardian Applicant as specif …

Review method

Two separate automated exact-claim source reviews

Other Australia changes operative in 2017

• 2017-01-01Qualifying residence exemption narrowed to referred-stay visa holders
• 2017-07-01Creation of Subclass 189 Skilled - Independent (New Zealand Stream) and Lowering Points-Tested Age Ceiling
• 2017-11-18Extension of Public Interest Criterion 4020 Fraud Exclusion Period (Regulations 2017 Measures No. 4)