As an international student studying or planning to study in Australia, there is always a lot to think about- from managing your studies to navigating a new culture. One major concern for many students is finances, how do you make ends meet studying in a foreign country? well, here is some good news that will surely brighten your day: the minimum wage in Australia has increased. Read on to know about other changes as well.
The National Minimum Wage Increase
The independent Fair Work Commission (FWC) recently announced a 5.75% increase in the national minimum wage, which now stands at $23.23 per hour. This increase has come into effect after 1st July 2023. This increase comes as a welcome relief for international students who rely on part-time jobs to support themselves during their stay in Australia
It is important to note that the minimum wage increase applies to all employees covered by the national minimum wage, including international students. This means that regardless of your visa type or nationality, you are entitled to the same minimum wage as any other Australian worker. Also, the minimum wage increase is not just limited to specific industries or sectors. It applies to all workers working in Australia, regardless of their field of employment.
Changes to the Australian Temporary Graduate Visa (Subclass 485)
The Temporary Graduate Visa (Subclass 485) has gone through some changes that will likely work in your favour. The visa’s current setting has been extended by two years in selected degree programs from July 1st, 2023.
- Bachelor graduates will be eligible for an extended visa duration from two to four years
- Masters graduates will be eligible for an extended visa duration from three to five years
- All doctoral graduates will be eligible for an extended visa duration of four to six years.
All the eligible degrees that are on the list will enjoy the extension. The areas that are prioritised include health, teaching, engineering and agriculture.
Work Hour Limit
Previously, the Australian government had removed the work restriction for international students, they were allowed to work unlimited hours during the pandemic. From July 1st 2023, the work restrictions will be reintroduced and capped at 48 hours per fortnight. However, the restriction has been increased from 40 hours in a fortnight to 48 hours in a fortnight.
There are some exclusions for these work restrictions such as:
- International students can work unlimited hours during official school holidays
- Students who are doing their Master’s degree by research or a PhD degree
- Students who are working in the aged care sector on or before the 9th of May 2023 can continue to work unlimited work hours as well until the 31st of December 2023.
In conclusion, the recent increase in the minimum wage and changes to the temporary graduate visa in Australia is undoubtedly great news for international students. It not only provides a higher income and better opportunities but also reflects the country’s commitment to fair wages and equal opportunities for all workers. So, take advantage of this positive development and make the most of your time in Australia – both academically and financially.