Who does not wish to study in Australia? nothing can be great then studying in Australia and grasping the opportunities. Student Visa Subclass 500 is a visa that grants 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 has to be approved by the authorized educational institute. If the applicant's age is under 18 years then proper financial support has to be maintained for their living in Australia.