TeeTMI Posted May 8, 2018 Report Share Posted May 8, 2018 Budget News Subclass 410 and 405 Retirement Visa Holders I'm not sure if there are many people currently holding the above visas Main points - PATHWAY TO PR announced - closure of the 405 visa - impact on parent visas The Government will introduce a pathway to permanent residency for holders of Retirement (subclass 410) and Investor Retirement (subclass 405) visas. From 2018-19, a portion of the planned parent permanent migration places will be quarantined for retirement visa holders each year. Retirement visa holders in Australia will be eligible to apply onshore for a permanent visa through the Parent (subclass 103) or Contributory Parent (subclass 143) visa streams. Retirement visa holders will be exempted from some parent visa requirements that they would typically be unable to meet, such as having family in Australia. The pathway will remain open until all retirement visa holders who wish to transition to permanent residency have done so. As part of the establishment of the pathway, the Government will close the subclass 405 visa to new applicants. The subclass 410 visa is already closed to new applicants. https://www.budget.gov.au/2018-19/content/bp2/download/bp2_combined.pdf Quote Link to comment Share on other sites More sharing options...
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