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FYI PhD students are exempted from this regulation, though in all honesty Australia should just shut down degree mill and cash cow programs to nip the problem in the bud.

But they won't.

Same goes for Canada and the UK.

The degree mills are sad. One legit student I know was kind of depressed that a large block of students never showed up for any classes or participated in any way. They were off at jobs or whatnot.
They should get rid of the degree mills, but they won't. Universities should primarily focus on developing the skills. Not to say they shouldn't support international students or exchanges, just that shouldn't be a primary driver.
Higher Education was once a top export for Australia. Not with the way this is going, with policies like these.
The way they measure it as an export and quoted by the Universities is a lie. They assume that all of the money spent by the student is an export. Not taking into account any work they may do while in Australia.
It’s a cash transfer in the aggregate from those paying inflated real estate costs in rents and mortgages to the higher education industry.
I understand why people want to escape India but it would be better if they try to unfuck their own country. The West cannot absorb a billion refugees.
Nepal, Bangladesh, Pakistan, and Vietnam also have high student visa family rates in Australia. It's not just an India problem.