On 01 January 2010, the Department of Immigration and Citizenship (DIAC) made an announcement that all International Students must now show evidence of funds to contribute to the cost of living and studying in Australia.
DIAC acknowledges that all International Student have the opportunity to working a maximum of 20 hours during each semester and unlimited work during Semester breaks, but this is only to supplement their living costs. This 20 hours or work per week should not be the entire manner in which an International Student supports themself. No work is permitted before their course starts (including Secondary Applicants), but unlimited work is permitted for all applicants once the entire course has been completed.
NEW LIVING EXPENSES FUNDS REQUIRED
Prior to 01 January 2010, the basic living expenses figure for every International Student was $12,000.00. DIAC now requires all International Students to provide proof that they, as the Primary Applicant, have access to $18,000.00. The Partner must show $6,300.00, for the first children $3,600.00 and any further children $2,700.00 each child. The Applicant must be able to demonstrate to DIAC that these funds are available for each year of their visa.
Depending on the “Assessment Level” or AL, DAIC will determine if the Applicant must prove these funds are available for just the first year or whether the Applicant must have the entire funds already held.
WHAT STUDENTS MUST DO TO PROVE THESE FUNDS ARE AVAILABLE
It will depend upon:-
- The Student’s previous record regarding financial stability and Immigration history.
- The employment history of the Student and those providing the funds as financial support.
- The source of the funds – i.e. cash, bank loan and if these funds are already in a Bank Account in Australia.
