Applying for a Student Visa (Subclass 500) to study in Australia is an exciting step toward your future. However, one of the most critical aspects of the visa application process is demonstrating that you have enough financial capacity to support yourself (and your family, if applicable) while in Australia.
In recent times, the Department of Home Affairs has been refusing more visa applications under clause 500.214 of the Migration Regulations 1994. The main reason: primary applicants not providing sufficient evidence of financial capacity.
To avoid refusal, it is essential to understand the exact requirements, which are clearly set out in Migration (LIN 19/198: Evidence of financial capacity – Subclass 500 Visa and Subclass 590 Visa) Instrument 2019, as amended and in force from 10 May 2024.
What are the Legislative Requirements?
The legislative instrument LIN 19/198 provides a framework for how much money you must show and in what form. Here’s a simplified summary:
1. Living Costs (Annual Figures)
- Primary Applicant (Student): AUD 29,710
- Spouse/De facto Partner: AUD 10,394
- Dependent Child: AUD 4,449
- School Fees for School-age Dependant: AUD 13,502
If you or your dependants are staying for less than 12 months, the pro-rata amount is calculated (daily rate multiplied by the number of days in Australia).
2. Travel Costs
You must show that you can cover return travel expenses for yourself and any accompanying family members. If applying from Overseas, then Travel expense of AUD 2000 for the Primary Applicant. If applying onshore then as per Department Policy AUD 1000 applies for each applicant included in the application
3. Tuition Fees
For study under 12 months: full course fees must be shown (minus what you’ve already paid).
For study over 12 months: at least the first year’s tuition fees must be shown.
4. Alternative Evidence – Income
Instead of showing deposits or savings, applicants can also provide official government income documentation from a parent, spouse, or de facto partner.
No family members applying: minimum annual income AUD 87,856
With family members applying: minimum annual income AUD 102,500
Why Visa Refusals Are Increasing
In the recent past, refusals under clause 500.214 have risen significantly. The Department is taking a stricter approach to ensure applicants can genuinely cover living expenses, tuition, and travel. Some common mistakes leading to refusals include:
- Showing insufficient bank balances or deposits.
- Submitting funds that are not readily available (e.g., borrowed money without documentation).
- Providing income evidence that does not meet the required thresholds.
- Not including costs for dependants or school-age children.
The Department uses these financial requirements to test whether an applicant is a genuine student who can successfully live and study in Australia without undue financial hardship.
How Visa 1 Migration Can Help
At Visa 1 Migration, we regularly assist students in preparing strong applications that meet legislative requirements. We ensure:
Correct calculation of required funds under LIN 19/198.
Help with Proper documentation
Avoiding common errors that trigger refusals under clause 500.214.
With the Department now more vigilant than ever, accurate financial documentation is not just important—it is essential to securing your Student Visa.