Foreign students with over 1 yr stay in Australia eligible to access superannuation: Govt

Image
Press Trust of India Melbourne
Last Updated : Apr 05 2020 | 12:10 PM IST

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

The latest move comes a day after 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.

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.''

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 05 2020 | 12:10 PM IST

Next Story