Migration (LIN 19/198: Evidence of financial capacity—Subclass 500 Visa and Subclass 590 Visa) Amendment (LIN 24/042) Specification 2024
F2024L00529 — as made — Status: Repealed — Made/registered 2024-05-09 — https://www.legislation.gov.au/F2024L00529/latest/text

This is the as-made (original) text, reproduced from the Federal Register of Legislation (legislation.gov.au) under CC BY 4.0. For amended instruments the current compilation may differ; confirm against the official source.

Migration (LIN 19/198: Evidence of financial capacity—Subclass 500 Visa and Subclass 590 Visa) Amendment (LIN 24/042) Specification 2024
I, Alison Garrod, delegate of the Minister for Immigration, Citizenship and Multicultural Affairs, make the following instrument.
Dated  2 May 2024
Alison Garrod
SES Band 1 / Assistant Secretary
Immigration Programs Division
Department of Home Affairs
Contents
1  Name...................................................1
2  Commencement............................................1
3  Authority................................................1
4  Schedules................................................1
Schedule 1—Amendments 2
Migration (LIN 19/198: Evidence of financial capacity—Subclass 500 Visa and Subclass 590 Visa) Instrument 2019 2
1  Name
  This instrument is the Migration (LIN 19/198: Evidence of financial capacity—Subclass 500 Visa and Subclass 590 Visa) Amendment (LIN 24/042) Specification 2024.
2  Commencement
  This instrument commences on the day after the instrument is registered.
3  Authority
  This instrument is made under the following provisions of the Migration Regulations 1994:
 (a) subclause 500.214(4);
 (b) subclause 500.313(4);
 (c) subclause 590.216(4).
4  Schedules
  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Schedule 1—Amendments
Migration (LIN 19/198: Evidence of financial capacity—Subclass 500 Visa and Subclass 590 Visa) Instrument 2019
1  Sub-subparagraph 6(2)(b)(ii)(A)
Omit “AUD24,505”, substitute “AUD29,710”.
2  Sub-subparagraph 6(2)(c)(ii)(A)
Omit “AUD8,574”, substitute “AUD10,394”.
3  Sub-subparagraph 6(2)(c)(ii)(B)
Omit “AUD3,670”, substitute “AUD4,449”.
4  Sub-subparagraph 6(2)(c)(iv)(A)
Omit “AUD9,661”, substitute “AUD13,502”.
5  Subparagraph 6(3)(b)(i)
Omit “AUD72,465”, substitute “AUD87,856”.
6  Subparagraph 6(3)(b)(ii)
Omit “AUD84,543”, substitute “AUD102,500”.
7  Paragraph 7(3)(b)
Omit “AUD84,543”, substitute “AUD102,500”.
8  Paragraph 8(3)(b)
Omit “AUD84,543”, substitute “AUD102,500”.
9  Sub-subparagraph 9(2)(b)(ii)(A)
Omit “AUD24,505”, substitute “AUD29,710”.
10  Sub-subparagraph 9(2)(c)(ii)(A)
Omit “AUD24,505”, substitute “AUD29,710”.
11  Subparagraph 9(2)(d)(ii)
Repeal the subparagraph, substitute:
 (ii) for each secondary applicant who intends to stay in Australia for a period of 12 months or more—AUD4,449 (annual living costs); and
Note: To satisfy the secondary criteria under clause 590.312 of Schedule 2 to the Migration Regulations 1994, a secondary applicant must not have turned 6 years of age.
12  Sub-subparagraph 9(2)(d)(iv)(A)
Omit “AUD9,661”, substitute “AUD13,502”.
13  Paragraph 9(3)(b)
Omit “AUD84,543”, substitute “AUD102,500”.
14  In the appropriate position in Part 3—Application, Saving and Transitional Provisions
Insert:
12  Application of amendments made by LIN 23/070
15  At the end of Part 3—Application, Saving and Transitional Provisions
Add:
13  Application of amendments made by LIN 24/042
The amendments made to this instrument by the Migration (LIN 19/198: Evidence of financial capacity—Subclass 500 Visa and Subclass 590 Visa) Amendment (LIN 24/042) Specification 2024 (the amending instrument) apply in relation to an application for a Student (Temporary) (Class TU) visa made on or after the day the amending instrument commences.