Australia sets conditions for retirees seeking residency

The Australian Government's Department of Home Affairs has outlined three conditions that foreign retirees must meet to qualify for permanent residency through the retirement visa pathway, which has been available since November 17, 2018. This pathway was introduced as part of the 2018–19 Federal Budget on May 8, 2018, to provide long-term retirees a route to permanent settlement.

To be eligible, applicants must have held a Retirement visa (subclass 410) or an Investment Retirement visa (subclass 405) on May 8, 2018, or their last substantive visa must have been one of these two types. Additionally, they must not have held any substantive visa other than the aforementioned types between May 8, 2018, and the application date.

Finally, applicants must be physically present in Australia at the time of lodging their application. Eligible retirees can apply for either a Parent visa (subclass 103) or a Contributory Parent visa (subclass 143), with certain standard requirements waived.