I am on a Student visa (Subclass 500) and my course is more than 6 months. I will be living in Australia for 2 years with a valid visa and I need a TFN number. I have an international passport, a student ID card from an Australian University, and, a bank account from Australia. I am confused between the two categories: (i) Australian residents; and (ii) Foreign passport holders, permanent migrants, and temporary visitors. Do I meet the criteria to apply for Australian residents? Or is it mandatory to apply in the second category?
Further, are there any advantages of applying for "Australian residents" category over "Foreign passport holders, permanent migrants, and temporary visitors"?