Retirees pathway to a permanent visa begin 17 November 2018 but only for 8 May 2018 visa holders

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Retirees pathway to a permanent visa begin 17 November 2018 but only for 8 May 2018 visa holders

The anticipated pathway to a permanent visa for Subclass 405 – Investor Retirement visa and Subclass 410 – Retirement visa holders have been released. A permanent visa will only be eligible to those who held a retirement visa on 8 May 2018 and who have not held another substantive visa since that date other than a retirement visa. Instead of creating a new subclass, existing Subclass 103 – Parent visa and Subclass 143 – Contributory Parent visa subclasses will be amended to accommodate.

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Investor Retirement visa closing to new applicants on 1 June 2018, existing visa holders may continue to apply

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Investor Retirement visa closing to new applicants on 1 June 2018, existing visa holders may continue to apply

From 1 June 2018, Subclass 405 - Investor Retirement visa will be closed to any new applicants other than existing 405 visa holders. With sponsorship required at the time of applying, it will be next to impossible for potential applicants not already 405 visa holders to lodge a valid application.

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Budget 2018: Retirement visa holders to have a permanent visa pathway before being abolished

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Budget 2018: Retirement visa holders to have a permanent visa pathway before being abolished

The 2018 Federal Budget handed down last night contained the surprise announcement of a pathway for permanent residence for Subclass 405 - Investor Retirement and the already repealed Subclass 410 – Retirement visa holders. Once established there will be no visa available for those wanting to retire in Australia.

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