International students with more than one year in Australia is eligible to access Superannuation

Australia – Relief To The Foreign Students

The Prime Minister Scott Morrison said that overseas students were not eligible for any financial support as under their visa arrangements, it was a requirement for them to support themselves for a year in Australia.

In a relief to foreign students, including from India, facing financial hardships during the corona virus pandemic, the Australian government has announced that those who have completed one year of stay in the country were eligible to access their superannuation.

However, the Acting Immigration Minister Alan Trudge issued a statement, saying ”students who have been here longer than 12 months, who find themselves in financial hardship will be able to access their Australian superannuation.”

Support from the Australian Government

The Government will undertake further engagement with the international education sector that already provide some financial support for international students facing hardship, for example, we understand there are some education providers that are providing fee discounts to international students. There are 565,000 international students in Australia, mainly studying in the higher education or vocational education sector. They are an important contributor to the tertiary sector and economy, supporting 240,000 Australian jobs

India is the second largest source of students for Australia with more than 140,000 enrollments recorded in 2019 in the country’s several educational institutions. Trudge added that the students are encouraged to rely on family support, part-time work and their own savings to sustain themselves in Australia.

Visa facts

As part of their visa application, international students have had to demonstrate that they can support themselves completely in their first year. The government will also be flexible in cases where the pandemic has prevented foreign students in meeting their visa conditions such as not being able to attend classes.

Extended Part time working hours for international students

The government also relaxed working hours for international students allowing them to work for up to 40 hours per fortnight from May 1 this year in places like elderly care facilities and major supermarkets, while nurses have had these hours extended to support these critical sectors.