Migration LIN 23/070 – F2023L01349 – Evidence of financial capacity—Subclass 500 Visa and Subclass 590 Visa Amendment Specification 2023

This Instrument amends LIN 19/198 to increase the evidence of financial capacity required for applicants for Subclasses 500 and 590 visa  in line with the CPI to for Regs 500.214 and 590.216

Primary applicant                                                                                                                                                                                                                                    AUD 24,505

+ spouse or de facto partner                                                                                                                                                                                       AUD 8,574

+ each dependent child                                                                                                                                                                                                                        AUD 3,670

+ annual school costs for each school-aged dependent child                                                                                                  AUD 9,661

The personal annual income for the primary applicant, where there is no secondary applicant      AUD 72,465

The personal annual income for a primary applicant where there is a secondary applicant                     AUD 84,543

This instrument also corrects minor drafting errors in the previous Instrument.

The Instrument commenced on 1 October 2023