đź”’ Financial Capacity Requirements for Subclass 500 & 590 Visas

Aug 14, 2025

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🎓 Subclass 500 (Student) Visa – Primary Applicants

âś” Required Evidence

An applicant must provide evidence of financial capacity that satisfies one of the following:

Option 1 – Funds-Based Evidence (Reg 500.214(3)(2))

Must include:

  • Travel expenses to and from Australia

  • Living costs:

    • AUD 29,710 for 12 months (or pro-rata if staying < 12 months)

  • Tuition fees:

    • Full amount if staying <12 months; or

    • First 12 months' fees if staying >12 months (less any prepaid amount)

Plus for each secondary applicant:

  • Travel expenses

  • Living costs:

    • Spouse/partner: AUD 10,394

    • Dependent child: AUD 4,449

    • Pro-rata for shorter stay

  • School fees:

    • AUD 13,502/year or pro-rata

    • Nil if:

      • Dependent is in public school with fees waived AND

      • Primary applicant is a doctoral, Foreign Affairs, Defence or Commonwealth-sponsored student

Option 2 – Income-Based Evidence (500.214(3)(3))

  • Must be official government documentation issued within the past 12 months

  • Annual income of:

    • AUD 87,856 (if no dependants)

    • AUD 102,500 (if dependants included)

  • Income must be from parent, spouse or de facto partner

Other Acceptable Evidence

  • AASES Form – for secondary exchange students (500.214(3)(4))

  • Letter from DFAT – for Foreign Affairs students (500.214(3)(5))

  • Letter from Defence – for Defence students (500.214(3)(6))


👨‍👩‍👧‍👦 Subclass 500 – Secondary Applicants

🔹 Included in Same Application

Must show evidence of financial capacity (as per 500.313(3)(2)):

  • Costs for the primary applicant (same as above)

  • Costs for each secondary applicant (same as above)

  • Acceptable forms:

    • Funds-based or

    • Income-based (AUD 102,500 annual income)

    • DFAT/Defence letters if support includes dependants

🔹 Not Included in Primary Applicant’s Application

Must show funds are available for:

  • Their own travel & living expenses

  • The primary student’s living costs & course fees (up to 12 months)

  • Any additional secondary applicant included with them

  • Same income threshold applies (AUD 102,500)


🧑‍🎓 Subclass 590 – Student Guardian Visa

âś” Required Evidence

Must show ability to cover:

  • Own travel + living costs:

    • AUD 29,710 for 12 months, or pro-rata

  • Nominating student’s:

    • Travel, living (AUD 29,710) and tuition (up to 12 months, less prepaid)

  • Any secondary applicant’s:

    • Travel + living (AUD 4,449) + school fees (AUD 13,502 unless waived under same exemptions as student visa)

Alternative: Income Evidence

  • Income of spouse/de facto of at least AUD 102,500, supported by official documentation from the last 12 months


đź’Ľ Acceptable Forms of Financial Evidence (Section 10)

  1. Money deposit with a financial institution

  2. Loan from a financial institution

  3. Government loan

  4. Scholarship or financial support