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Are there any financial Requirements for Australia Family Visas?

When it comes to sponsoring family members to Australia, it is crucial to fulfill the financial requirements for Australian Family Visas.

Let us try to understand the financial requirements for Family Visa sponsors:

Evaluating the monetary responsibilities before commencing the sponsorship application helps sponsors comply with Visa requirements and regulations.

Sponsorship Undertaking

Australia Partner Visa sponsors have to undertake specific obligations to the applicant of the Visa for a specific duration. This broadly includes financial requirements as a sponsor of the Partner Visa. By consenting to this undertaking, you have to as a sponsor assist your partner to the necessary extent, monetarily and regarding accommodation for the following duration:

During the assessment of a sponsorship for a Prospective Marriage Visa or Partner Visa application, the Department of Home Affairs will accept generally that as a sponsor you consent to undertake the necessary obligations as specified above by filing the application form for Sponsorship.

If DHA has concerns regarding your intentions for compliance, it can ask for more details or supporting documentation.

Assurance of Support

For certain Family Subclass Visas including the Parent Visas, an AOS – Assurance of Support will be needed by the DHA. AOS can be offered through the DHS – Department of Human Services or ‘Centre-link’ as it is generally known.

The scheme has been developed to make sure that newly arrived immigrants in Australia do not become dependent on social welfare programs in their initial years. The usual process is that the sponsor will be asked to offer an AOS at the stage when the decision for the Family Visa will be considered by DHA.

Any interested sponsor can become the assurer if they are above 18 years of age are residing in Australia and are based in Australia.

How Does an Assurance of Support Operate?

Generally, the sponsor offering the assurance has to prove that they earn adequate income to monetarily support the Family Visa applicant if such support is needed. The DHA uses a specific formula for the calculation of the income level needed by the sponsor to offer the AOS.

The Government of Australia considers that adults need at least AUD 28.868.84 annually as liquid cash to stay in the community in Australia. This is equal to the new-start cut-off amount for income.

Hence, an individual seeking to sponsor their 2 parents must have an income that exceeds $86, 606.52 which is thrice $28.868.84. Similarly, an individual seeking to sponsor one parent must have an income that exceeds $57,737.68.

If the sponsoring individual has their kids, then the calculation of funds further increases. According to the DHA, the sponsor must possess adequate funds to cater to the needs of their own family along with taking care of their parents if necessary.

However, the calculation of the amount for children is lesser than that for adult family members. It is 10% of the specified $28,868.84 ceiling. Sponsors seeking to offer AOS will have to prove that they have maintained the required income level for a minimum of 2 fiscal years.

The Visa Case Officer will share with you the specific request at the time when you have to offer your AOS.

Family Visa Application Processing Cost

If you are keen to offer sponsorship to your family member/s for Australia Visa, then it is crucial that you are aware of the costs of processing the Visa application. This is vital while planning the future of your family in Australia.

Here is the cost table:

Subclass Visa Cost in AUD
Partner Visa Variable,  $7,715 onwards for most applicants
Parent Visa $6,415 onwards for non-contributory; Up to $47,755 for contributory
Child Visa $2,665 onwards
Aged Dependent Relative Visa $6,415 onwards
Remaining Relative Visa $6,415 onwards

 

To sponsor your overseas family members for an Australia Family Visa or to check eligibility for Australia PR Visa and to apply for an Australia PR Visa from India, contact Top Immigration Consultants In India at Nationwide Visas

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