The instrument operates to specify arrangements for making a Work and Holiday (Subclass 462) visa (subclass 462 visa) application. 

The instrument specifies Brazil and Mongolia as eligible subclass 462 visa partner countries. The eligibility to apply for, and to be granted, a subclass 462 visa is restricted to applicants who hold a valid passport issued by an eligible subclass 462 visa partner country. The instrument also specifies the educational qualification requirements that applicants holding a valid Brazilian or Mongolian passport must have (amongst other things) in order to satisfy the primary criteria for a subclass 462 visa. 

The instrument updates and adds Brazilian passport holders to the class of persons who are excluded from the requirement in subparagraph 1224A(3)(b)(iii) of Schedule 1 to the Regulations. This allows applicants from Brazil to make valid applications for a subclass 462 visa without providing evidence of support for the grant of the visa from their home government.

Source: LIN22052.pdf and LIN22052-Explanatory-Statement.pdf