đź”’ Financial Capacity Requirements for Subclass 500 & 590 Visas
Aug 14, 2025
🎓 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:
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Travel expenses to and from Australia
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Living costs:
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AUD 29,710 for 12 months (or pro-rata if staying < 12 months)
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Tuition fees:
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Full amount if staying <12 months; or
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First 12 months' fees if staying >12 months (less any prepaid amount)
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Plus for each secondary applicant:
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Travel expenses
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Living costs:
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Spouse/partner: AUD 10,394
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Dependent child: AUD 4,449
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Pro-rata for shorter stay
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School fees:
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AUD 13,502/year or pro-rata
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Nil if:
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Dependent is in public school with fees waived AND
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Primary applicant is a doctoral, Foreign Affairs, Defence or Commonwealth-sponsored student
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Option 2 – Income-Based Evidence (500.214(3)(3))
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Must be official government documentation issued within the past 12 months
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Annual income of:
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AUD 87,856 (if no dependants)
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AUD 102,500 (if dependants included)
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Income must be from parent, spouse or de facto partner
Other Acceptable Evidence
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AASES Form – for secondary exchange students (500.214(3)(4))
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Letter from DFAT – for Foreign Affairs students (500.214(3)(5))
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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)):
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Costs for the primary applicant (same as above)
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Costs for each secondary applicant (same as above)
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Acceptable forms:
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Funds-based or
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Income-based (AUD 102,500 annual income)
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DFAT/Defence letters if support includes dependants
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🔹 Not Included in Primary Applicant’s Application
Must show funds are available for:
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Their own travel & living expenses
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The primary student’s living costs & course fees (up to 12 months)
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Any additional secondary applicant included with them
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Same income threshold applies (AUD 102,500)
🧑‍🎓 Subclass 590 – Student Guardian Visa
âś” Required Evidence
Must show ability to cover:
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Own travel + living costs:
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AUD 29,710 for 12 months, or pro-rata
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Nominating student’s:
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Travel, living (AUD 29,710) and tuition (up to 12 months, less prepaid)
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Any secondary applicant’s:
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Travel + living (AUD 4,449) + school fees (AUD 13,502 unless waived under same exemptions as student visa)
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Alternative: Income Evidence
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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)
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Money deposit with a financial institution
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Loan from a financial institution
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Government loan
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Scholarship or financial support