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No. The 590 carries a no-work condition. Your role is to care for the student, so you cannot undertake employment while holding this visa.
The Student Guardian visa is granted so you can live in Australia to provide care, accommodation, and support to a student, usually one under 18. Because that care is the purpose of the visa, a no-work condition applies.
This means you must show you have enough funds to support yourself without working. Plan your finances accordingly, since paid employment of any kind is not permitted on the 590.
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