Australian Immigration Daily News

The document titled "Migration (LIN 19/198: Evidence of financial capacity—Subclass 500 Visa and Subclass 590 Visa) Amendment (LIN 24/042) Specification 2024" details significant updates to the financial capacity requirements for applicants of the Subclass 500 (Student) Visa and Subclass 590 (Student Guardian) Visa.

Key Updates and Purpose:

• The amendment revises the financial requirements for these visa subclasses to reflect the current cost of living in Australia, ensuring that visa holders can adequately support themselves during their stay.
• The updated financial requirements are calculated based on a new methodology tied to the Australian National Minimum Wage, aiming to align the visa holders' financial capacity with the minimum standard of living similar to the lowest-paid Australian workers.

Specific Changes:

Starting May 10, 2024, the financial capacity requirements for Student and Student Guardian visa applicants in Australia will increase. This change aligns the required proof of financial resources with 75% of the national minimum wage, reflecting a more realistic estimate of the costs needed to maintain a minimum standard of living in Australia. The adjustment accounts for the fact that students may spend up to 25% of the year out of session, during which they might return home or have opportunities for unrestricted employment.

Key Changes:

• The financial requirement for the primary applicant will increase from AUD 24,505 to AUD 29,710.
• For a spouse or de facto partner of the primary applicant, the requirement will rise from AUD 8,574 to AUD 10,394.
• The required funds for a dependent child will go from AUD 3,670 to AUD 4,449.
• Annual school costs are set to increase from AUD 9,661 to AUD 13,502.
• The personal annual income requirement will change from AUD 72,465 to AUD 87,856 for individuals without a family member, and from AUD 84,543 to AUD 102,500 for those with a family member.

These adjustments aim to reduce financial distress among students in Australia, lessen the likelihood of visa condition breaches due to excessive work, and mitigate the risks of worker exploitation. Applications submitted before May 10, 2024, will be assessed under the current financial requirements.

The "Migration (PayPal Surcharge) Instrument (LIN 24/025) 2024" provides regulatory updates regarding the application of PayPal surcharges to certain types of payments related to immigration processes in Australia. Issued by the Minister for Immigration, Citizenship and Multicultural Affairs, this legislative instrument specifies that a PayPal surcharge will be applicable to various immigration-related fees when payments are made using PayPal.

Key Aspects of the Instrument:

1. Purpose: The instrument aims to implement PayPal surcharges for payments related to nomination applications, sponsorship applications, visa evidence, visa applications, and visa pre-application process fees, ensuring that these fees include an additional surcharge when paid via PayPal.

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The "Migration (Credit Card Surcharge) Instrument (LIN 24/024) 2024" outlines the regulatory framework for applying credit card surcharges to specific immigration-related payments in Australia. This legislative instrument, issued by the Minister for Immigration, Citizenship and Multicultural Affairs, repeals and replaces the previous regulation (IMMI 14/053) to include visa pre-application process fees as chargeable by credit card surcharge.

Key Aspects of the Instrument:

1. Purpose and Commencement: The instrument, effective the day after registration, specifies that a credit card surcharge will apply to fees and charges related to nomination applications, sponsorship applications, visa evidence, visa applications, and visa pre-application processes when paid by credit card.

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The "Migration (English Language Requirements for Subclass 192 (Pacific Engagement) Visa) Instrument (LIN 24/023) 2024" provides a comprehensive overview of the English language test requirements for applicants of the Subclass 192 (Pacific Engagement) Visa, effective from the day after its registration.

Key Points of the Instrument:

1. Purpose: The instrument, under the authority of clause 192.214 of the Migration Regulations 1994, specifies English language test requirements for applicants or their spouses/de facto partners if making a combined application. This is integral to ensuring at least one applicant demonstrates sufficient English proficiency or potential to acquire it, enhancing their ability to engage effectively in the Australian community.

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