If you’re planning to study in Australia for the July 2025 intake, it’s essential to understand the financial documentation needed for Genuine Student (G.S.) Assessment. The G.S. Assessment is a critical part of your visa process, where you must prove that you (or your sponsors) can support your education and stay in Australia.
This blog outlines all the important documents, sponsor guidelines, and income sources accepted for the G.S. process.
Minimum Financial Requirement for July 2025 Intake
To pass the financial criteria for your student visa application, you must show funds that cover the following:
✅Living Cost: AUD 29,710/year
✅Overseas Student Health Cover (OSHC): Approx. AUD 2,000/year
✅Tuition Fee: As quoted by your education provider
These funds must be available in acceptable financial formats and backed by valid sources.
Acceptable Financial Documents for G.S. Assessment
🔹 1. Savings Account
➡Recent funds must be supported by a clear source (e.g., salary, sale of property).
➡Statements should reflect stable balance over time.
🔹 2. Fixed Deposits
➡Recently created FDs must show the source of funds.
➡Only the principal amount is considered unless maturity is near.
🔹 3. Sale Deed (Property Sale)
➡Acceptable if the amount was transferred via cheque or RTGS into the account.
➡Proof of transaction is mandatory.
🔹 4. Fresh Funds
➡Can be used for fee payments.
➡Must provide account statements as evidence.
🔹 5. Mutual Funds
➡Only accepted if matured and the amount is reflected in the savings account.
🔹 6. Education Loan
➡Must include clear clauses in the loan sanction letter.
➡If the loan covers living expenses, those funds must be disbursed to the student or sponsor’s account before applying.
Agriculture Income – Accepted Documents
For applicants whose sponsors earn through agriculture, the following documents are needed:
✅ITR E-Certificate (last 3 years)
✅J-Forms for 2 years (showing sale of crops)
✅Bank statements reflecting crop sale income
✅Land ownership proof or Lease Deed (if land is on lease)
✅Pension Income – Accepted Proofs
✅Pension Payment Order (PPO)
✅Bank statement showing consistent pension deposits
✅Rental Income – Required Documents
✅ITR and Computation Sheets for the last 3 years
✅Ownership documents of the property
✅Lease or Rent Deed
✅Bank statement or rent receipts showing regular rental income
Salary Income – Required Documents
➡Form 16 / ITR for last 3 years
➡Job ID proof
➡Salary account bank statement (last 6 months)
Who Can Sponsor You?
Eligible sponsors for the G.S. process include:
➡Parents
➡Grandparents (Maternal or Paternal)
➡Siblings
➡Self
➡Uncle/Aunt
➡Spouse
✅ For Married Applicants:
➡In-laws can sponsor up to 40% of the required funds.
➡The remaining 60% should come from your own family (parents, spouse, siblings).
Income Requirement for Sponsors
➡Combined annual income of sponsors should be at least INR 12 Lakhs.
➡Ideally, 65–70% of income and funds should come from parents.
✍️ Final Tips
➡Always ensure your financial documents are genuine and verifiable.
➡Keep clear source-of-fund proofs to avoid delays.
➡Consult a certified immigration or education counsellor before submitting your documents.








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