Who does not wish to study in Australia? nothing can be great then studying in Australia and graping the opportunities. Student Visa Subclass 500 is a visa that grant you the right to study in Australia for 5 years. After you become an eligible visa holder, you can also work in Australia for 40 hours per week. Your studying in Australia have to be approved by the authorised educational institute. If the applicants age is under 18 years then proper financial support has to be maintained for thier living in Australia.