Australia Introduces Stringent Measures for Overseas Student

Australia has announced significant changes to the financial prerequisites for international students applying for study visas. Effective immediately, applicants must demonstrate savings of at least A$29,710, representing the second increase in seven months. This decision comes amidst a surge in migration levels post the relaxation of COVID-19 restrictions in 2022, exacerbating pressures on the rental market. The students can get fresh information of their Australia Introduces Stringent Measures for Overseas Student Visas.

Crackdown on Fraudulent Recruitment Tactics

In response to mounting concerns regarding fraudulent recruitment practices, Australia has intensified its regulatory oversight. Warning letters have been dispatched to 34 educational institutions accused of engaging in non-genuine or exploitative recruitment practices. Offenders risk severe penalties, including imprisonment and bans from recruiting students, if found guilty. Minister for Home Affairs, Clare O’Neil, emphasized the imperative of eradicating unethical practices to uphold the integrity of the international education sector.

Economic and Immigration Ramifications

International education remains a cornerstone of Australias export industry, contributing significantly to the economy. However, the influx of migrants, primarily driven by international students, has strained governmental resources and led to escalating rental prices nationwide. Net immigration surged by an unprecedented 60%, reaching a record 548,800 in the year ending September 30, 2023. In anticipation of a substantial reduction in migrant intake over the next two years, the government aims to mitigate pressure on infrastructure and housing.