If a student is required to show evidence of financial capacity, they must provide evidence to the Department of Immigration (when applying for their student visa) that they either have access to or directly hold sufficient funds to cover;
Travel expenses (return ticket)
Living costs for the first 12 months of your stay in Australia (at least $ 20,290 for the student visa applicant)
Course fees for the first 12 months of study (amount depends on the relevant course of study)
If you are accompanied by dependents, the minimum financial threshold for living costs will rise accordingly;
$ 7100 (in addition to the $ 20,290 for the main applicant) – partner or spouse
$ 3040 (for each dependent child)
$ 8000 (schooling costs for dependent children at school-going age)
Sufficient forms of evidence (of funds) include deposits with a bank or financial institution, loans from a financial institution or Government or scholarship awards. There is no restriction on who can provide financial support (if can either be your parents, relatives etc.).
However, certain rules, general principles and understandings may apply to limit exactly who can provide such financial support.
Alternatively, if a student’s spouse or their parents can provide proof of sufficient income levels ($ 60,000 AUD equivalent per annum for single applicants and $ 70,000 for applicants with dependents); this can also be considered as sufficient evidence of financial capacity.