The Migration Regulations require international students to show evidence of funds to contribute to the cost of living and studying in Australia. This helps to ensure students are better able to make the most of their studies and have a safe and enjoyable experience in Australia.
While international students are able to supplement their income with money earned through part-time work in Australia, the ‘living costs’ requirement helps to support the success of students in their studies by ensuring that they do not to rely on such work to meet all their expenses.
KLegislation changes are being pursued to increase the basic rate of living costs under the Migration Regulations from the previous rate of $12 000 per year. Subject to approval by Parliament and the Governor-General, it is proposed that these changes will come into effect from 1 January 2010. Under the proposed new regulations, prospective Student visa applicants and their family members must have access to the following funds to meet the living costs requirements
•$18 000 per year for the main student
•$6300 per year for the student’s partner
•$3600 per year for the student’s first child
•$2700 per year for every other child; and where required
•demonstrate that the funds they are relying upon to meet the costs of studying in Australia will be genuinely available to them during their stay in Australia.
Why does the Government propose to increase the living costs?
The living cost requirement of $12 000 per year was first introduced in 2001. While this amount was an immigration integrity measure and was not intended to be indicative of the real cost of living in Australia, concerns have been expressed that this figure did not adequately prepare students for the realities of moving to Australia to study. By increasing the living costs requirement students will be better prepared to live and study in Australia.0 g0 C) u% l' J& Z# S4 l3 D! ^
The support that is currently available in Australia to domestic students and estimates made by Australian Education International (AEI), suggest $18 000 per year more accurately reflects the real costs of living in Australia. However, international students are encouraged to undertake their own research into the cost of living in Australia, taking into consideration their own circumstances before ** a decision on whether to study in Australia. Prospective students should refer to the AEI ‘Study in Australia’ website for more information on the cost of living in Australia.