Attention all students planning applications for Australian institutions. The Australian Government has officially adjusted the minimum funds requirement to reflect recent cost-of-living index changes.

Key Directives:

• Main applicants must now show evidence of minimum living savings of AUD 29,710 per year.
• If accompanying family members are joining, additional proportionate amounts apply per spouse and child.
• Bank funds must be held in acceptable financial institutions with fully traceable, documented sources matching standard verification procedures.

All ongoing file assessments at SRS are being meticulously cross-checked against this new policy benchmark. If your submission is currently in progress, please get in touch with your assigned visa counselor immediately to adjust your financial documentation trail accordingly.