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This is a temporary, four year visa for people who are able to support themselves, have significant personal assets and are able to make a long term financial investment in Australia. Recent changes to the criteria for this visa have raised the bar in terms of the assets required.
If retirees continue to satisfy the minimum requirements they can extend their stay in Australia for two years at a time. How we can help: We can advise with regard to whether or not this type of visa is appropriate. Once this has been established we can handle every aspect of the application process, with a view to making it as streamlined and stress-free as possible. This will include preparation of the relevant application forms, collation of the required supporting documentation and liaison with the authorities. Please contact Cameron Stone or click here for full contact information. |
The main criteria are:
Age
- 55 years of age or older. There is no minimum age requirement for a spouse.
Sponsor
- Sponsorship by an Australian State or Territory government agency is required (except for New South Wales or Australian Capital Territory).
Family
- Other than a spouse, the applicant cannot have dependent children or family members (whether they are planning to accompany the applicant or not).
- The applicant’s partner must have no dependent children or family members.
Assets
- The applicant must have assets valued at a minimum of A$750,000 to enable them (and their spouse) to meet the cost of settling and living in Australia (A$500,000 for applicants intending to live in regional Australia).
- There are also further requirements in relation to these assets.
Income
- The applicant must have access to a minimum net income of A$65,000 (from a pension, for example). (A$50,000 for applicants intending to live in a regional area).
Designated Investment
- The applicant must be able to make a designated investment of A$750,000 in their name in the State where they are sponsored (A$500,000 for regional Australia).
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ASG Immigration is registered with the Office of the Immigration Services Commissioner. |
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