500.313
The applicant will have genuine access to funds of a kind mentioned in subclause (2) and, if subclause (3) applies, subclause (3).
While the applicant holds the visa, sufficient funds will be available to meet:
the costs and expenses of the applicant during the applicant’s intended stay in Australia; and
the costs and expenses of each member of the applicant’s family unit (if any) who will be in Australia.
If required to do so by the Minister, in writing or by use of a computer program available online, at any time, the applicant gives to the Minister evidence of financial capacity that satisfies the requirements specified in an instrument under subclause (4).
For arrangements for the use of a computer program, see section 495A of the Act.
The Minister may, by legislative instrument, specify requirements for the purposes of subclause (3).
This Act’s bill:Explanatory statement
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