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Pathway to PR for 405/410 visa holders (Investor / Retirement)


TeeTMI

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Legislation has been introduced for the new pathway to enable Investor / Retirement visa holders to seek Permanent Residence will be opening on the 17th November 2018. 

This new pathway was announced by Government on 8 May 2018 as part of the 2018-19 Budget.  It follows concerns raised by retiree advocacy groups and was developed following consultation with the relevant government departments - Departments of Health, Human Services, Social Services, Treasury and Finance. 

 

You may be eligible to apply for the Pathway if, on 8 May 2018:

  •     you held a Retirement (subclass 410) or Investor Retirement (subclass 405) visa; or
  •     your last substantive visa was a Retirement (subclass 410) or Investor Retirement (subclass 405) visa.

 

If you are an eligible Retiree, you would be able to apply for either a Parent (subclass 103) or Contributory Parent (subclass 143) visa (NB: 405/410 visa applicants would not require family/children in Australia).  The visa application charges for a Pathway application will be the same as those for a standard Parent (subclass 103) or Contributory Parent (subclass 143) visa application.

 

Within these Parent category places, a small number of places will be allocated to the Pathway. Pathway places will be allocated over a number of years starting in 2018-19.

Priority will be given to those who apply under the Contributory Parent (subclass 143) category.  No allocation of Parent (subclass 103) Pathway places for grant will be available in at least the first four years of the program.

 

A Bridging visa which will allow you to stay in Australia lawfully while your application is being processed.  

 

Whilst awaiting a decision, you will be required to maintain adequate arrangements for health insurance in Australia, consistent with the conditions on your previous or current retirement visa.

 

 

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