As an international student, you’ll need to purchase Australian health insurance and provide evidence that you can support yourself and your dependants in order to get your visa subclass 500. In addition to paying for your visa fee, you must have the minimum amount of money to cover your living expenses as prescribed by the Australian Department of Home Affairs. 

• You Must Be A Full-Time Student In Australia
  You must choose one of the registered courses and enrol for full-time study. A registered course is a professional training or education program listed in the Commonwealth Register of Institutions and Courses for Overseas Students – CRICOS.
   
• You Must Fulfil The ‘Genuine Temporary Entrant’ Requirement
  You need to prove that your intention is to stay in Australia only temporarily and that you are planning to return to your own country or travel elsewhere after the studies. During the assessment which should establish whether you fulfil this requirement, several factors will be considered, including your immigration history, your situation in your home country, the contribution of the study program to your future career outside Australia. There might be additional matters that will be considered in relation to the temporary entrant requirement.
   
• You Need To Fulfil The Financial Requirements
  In order to study in Australia, you need to prove that you are able to pay all the travel, tuition and living expenses. If you are accompanied by a partner and/or children, you need to show that you are able to cover their expenses too, even if they will be staying in your home country throughout your studies. Here is the minimum amount of money expressed in Australian dollars which you need to have in order to get a Student Visa below. Keep in mind that living costs might be even higher.
  
  Travel costs: The cost of an airline ticket from Nepal to Australia
  Tuition fees: The full amount of your tuition fee for one year of your study; children who are between 5 and 18 years old need to have $8,296 per annum.
  Living costs: You need to show that you have at least $21,014 for the first year. If you have a partner, you need to have an additional $7,360 per year, and add another $3,152 for each child.
   
• You Need To Satisfy The Basic Health Requirements
  Australia has one of the best healthcare systems in the world, and it requires some medical tests in order to grant a visa to foreign citizens. This is essential to maintain the high standards and ensure that all visa holders will have adequate healthcare while studying in Australia.
   
• You Need To Purchase An Adequate Health Insurance
  One of the key requirements for the student visa is having a valid Overseas Student Health Cover. Your visa will only be valid for the time covered by the insurance.
   
• You Need To Satisfy The Language Requirement
  Even though each education institution in Australia has its own language requirements, you need to meet the minimum standard in order to get your student visa and provide the test results with your application, unless you are attending an ELICOS English language course.
   
• You Need To Fulfil The Character Requirement
  Each applicant must submit the ‘Character Declaration’ which is a part of the visa application. Being of good character is essential to be able to qualify for any Australian visa, and the assessment may include police checks.
   
• You Must Commit To Australian Values
  All applicants that are over 18 years old need to show their commitment to Australian values that respect for freedom and dignity of an individual, freedom of religion, respect for rule of law and democracy, equal opportunities, tolerance, compassion and recognising English as the national language. You need to sign the Australian Values Statement and lodge it with your visa application.