Australia Working Holiday Visa
The most significant differences between 417 and 462 visas are that those holding a 417 visa are eligible to apply for a second year-long working holiday visa if they complete three months of specified work in regional Australia. 462 visa holders can not apply for a second-year work and holiday visa.
Financial Requirement:
One must have access to sufficient funds to support yourself for the initial stage of your holiday in Australia and you may be asked to show evidence of this on arrival.
A sufficient amount is generally regarded as being a minimum of AUD$5,000, although the amount may vary depending on the length of stay and how much traveling candidate intends to do. One should also have a return or onward ticket or the funds for a fare to depart Australia if traveling on a one-way ticket.
Evidence may include a certified copy of a bank statement and an air ticket out of Australia.
Work and Holiday Visa Conditions
It is very important to abide by these visa conditions. Failure to do so may result in the visa being canceled and a requirement to leave Australia.