Foreign students with over 1 year stay in Australia eligible to access superannuation


MELBOURNE: 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. (Read More...)

India is the second-largest source of students for Australia with more than 140,000 enrolments recorded in 2019 in the country's several educational institutions.

Source:- The Economic Times

(The story has not been edited by Ocxee staff and is referred from Economic Times )