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Investor Retirement Visa Subclass 405: What this Investor Retirement visa lets you do
This is a temporary visa. It allows you to:
Usually, you and your partner need to have valid passports to be granted this Investor Retirement visa .
If you plan to get a new passport, you should do this before applying for your visa. If you get a new passport after you have lodged your application, give the details of your new passport to one of the department of immigration and border protection offices.
The visa application charges are listed in Fees and charges.
There is a second visa application charge payable prior to the grant of the Investor Retirement visa (subclass 405). This charge is payable in respect of each person applying for the visa and must be paid prior to each grant (including each time the visa is renewed).
You may have to pay other costs, such as: health assessments, police certificates, other certificates or tests. You are responsible for making the necessary arrangements.
You might be eligible for this Investor Retirement visa if you meet:
You must be 55 years of age or older. Your partner can be any age.
You must be sponsored by an Australian state or territory government agency (other than the Australian Capital Territory. Further information can be found on their websites.
You and your partner must not have dependent children or other dependent family members.
You must have assets (or if you have a partner, your combined assets) valued at least AUD750 000.
The assets must be:
Exception: If you intend to live in regional Australia you must have assets (or if you have a partner, your combined assets) valued at least AUD500 000.
See: Regional Australia/Low Population Growth Metropolitan Areas
All assets listed must be held for two years before lodging your application, unless they are related to superannuation, pension and/or inheritance. If you are intending to sell assets for your move to Australia, we recommend that you wait until after your visa is granted. If you need to sell assets to meet visa requirements, you should carefully consider whether you will be able to finance your ongoing stay in Australia. The assets are in addition to the funds required to make the designated investment.
This asset test only applies to new Investor Retirement visa (subclass 405) applications. If you choose to reapply for your visa you do not need to meet the assets test again.
You (or combined with your partner) must have access to a minimum net income of AUD65 000 per year.
If you intend to live in regional Australia you (or combined with your partner) must have access to a minimum net income of AUD50 000 per year.
This income test applies each time you apply for an Investor Retirement visa (subclass 405). If you choose to reapply for your visa you will need to show that your net income still meets this requirement.
You must have made a designated investment of at least AUD750 000 in your name (or in the names of you and your partner), in the state or territory in which you have been sponsored. The funds for the designated investment are in addition to your asset requirements.
If you intend to live in regional Australia you must have made a designated investment of at least AUD500 000 in your name (or in the name of you and your partner) in the state or territory in which you have been sponsored.
A designated investment must be maintained for the duration of the Investor Retirement visa (subclass 405). The amount of the designated investment decreases by AUD250 000 the first time you reapply for the visa and then remains constant thereafter. If you reapply for your Investor Retirement visa (subclass 405) a designated investment of AUD500 000 must be made and maintained. If you live in regional Australia a designated investment of AUD250 000 must be maintained.
You must have evidence that you and your partner hold an adequate health insurance package for the period of your intended stay in Australia.
For health insurance to be considered adequate, it must:
It is preferable that the policy is with an Australian insurer; however alternative arrangements that meet the above requirements can be accepted. Alternative arrangements, with an overseas insurer, will need individual detailed examination of the insurance policy and may result in processing delays.
If you do not maintain adequate health insurance it may result in the refusal of future visa applications.
You must meet certain health requirements. The results of your health examinations are generally valid for 12 months.
This applies to you and any dependent family members included in the application.
You are able to organise your health examinations upfront before lodging a visa application.
You must meet certain character requirements. If you are 16 years of age or older, you must be prepared to provide a police certificate from each country you have lived in for 12 months or more, during the past 10 years, since you turned 16 years of age. Do not arrange for police certificates until we ask you to.
You must have no outstanding debts to the Australian Government or have arranged to repay any outstanding debts to the Australian Government before this Investor Retirement visa can be granted.
You might be asked to provide biometrics (a scientific form of identification) as part of the application. Countries and visa subclasses included in the biometrics program has more information.
This information explains what you need to do to apply for an Investor Retirement visa (subclass 405). You and anyone included in your application can apply for this Investor Retirement visa when you are in or outside of Australia.
You need to provide documents to prove the claims you make in your application. These documents are listed in the Document checklist below.
Some documents could take some time to obtain. You should have all the required documents ready when you lodge your application to reduce any delays in processing.
You must complete the following application form:
You also need to complete and lodge Form 1249 State/Territory sponsorship: Investor Retirement visa (76 KB PDF) with the state or territory in which you wish to be sponsored (other than the Australian Capital Territory). The relevant state or territory government agency will sign and stamp the form and return it to you if they agree to sponsor you. Once the completed sponsorship form is returned to you it should be lodged along with your application form.
Applying in Australia: Lodge your application at the Hobart office in Tasmania – attention Specialist Temporary Entry Centre (Tas). Note: Applications lodged at other Immigration offices in Australia will be forwarded to Hobart which will delay processing.
Provide all relevant documents and pay the first instalment of the visa application charge when you apply. You can pay by credit card, bank cheque or money order made payable to the Department of Home Affairs (www.homeaffairs.gov.au) and pay the visa application charge when you apply. Your visa application should be lodged at one of the following addresses:
Sending by post Department of Home Affairs (www.homeaffairs.gov.au) GPO Box 794 Hobart Tas. 7001
Lodging by courier Department of Home Affairs (www.homeaffairs.gov.au) 14th Floor, 188 Collins St Hobart Tas. 7000
Lodging in person Department of Home Affairs (www.homeaffairs.gov.au) Ground Floor, 188 Collins St Hobart Tas. 7000
Lodging via fax 03 6281 9453
As part of the application process you will need to make a designated investment. The following steps outline the process for making a designated investment:
Please refer to preparing your application, for information on:
Investor Retirement Visa Subclass 405: After you have applied
After you have lodged your application and documents, we will acknowledge that we have received your information.
We have visa processing times for each visa.
Your application could take longer if you need character or health checks (including x-rays), if you need to provide more information, or if your application is incomplete.
Outside Australia: If you apply for this Investor Retirement visa from outside Australia, do not make arrangements to travel to Australia until you are advised in writing that you have been granted a visa. Wait for a decision from the department of immigration and border protection before you leave your job, sell your home or book your travel.
In Australia: If you apply for this Investor Retirement visa in Australia, you could be eligible for a Bridging visa that allows you to stay in the country lawfully while your application is processed. If you are given a Bridging visa A, you can apply for a Bridging visa B (BVB) to travel outside Australia while you wait for a decision.
You can provide more information to the department of immigration and border protection in writing, at any time until a decision is made on the application. If you want to correct information you provided, you can use:
We could also ask you for more information and will have to respond by a set date. After that date, we can make a decision about your application using the information that we have.
If another person gives the department of immigration and border protection information that could result in you being refused a visa, we will generally give you the opportunity to comment on the information.
Tell the department of immigration and border protection if your circumstances change. You can use the following forms:
You can withdraw the application at any time before we make a decision about it. To do this, send the department of immigration and border protection a letter or email to ask for the withdrawal. Your request must include your full name, date of birth, and either your file reference number, client ID, or a Transaction Reference Number.
Applicants who are 18 years of age or I older must sign the letter of withdrawal or send a separate email.
If the visa is granted, we will send you a letter or email to tell you:
You will not have a visa label placed in your passport.
The letter we send you will also tell you the date you must enter Australia.
If the visa is not granted, we will send you a letter or email to tell you:
You need to provide documents to support your application for this Investor Retirement visa . We can make a decision using the information you provide when you lodge your application. It is in your interest to provide as much information as possible with your application.
Provide certified copies of original documents. Do not include original documents unless we specifically ask for them. Police certificates should be original documents. Documents not in English must be accompanied by accredited English translations.
Use this checklist to make sure your application is complete.
Investor Retirement Visa Subclass 405: For cash assets:
Investor Retirement Visa Subclass 405: For real estate assets:
Investor Retirement Visa Subclass 405: For business assets:
Note: Letters from an independent accountant must be on company letterhead. Any letter prepared in plain paper will not be acceptable.
For personal or business loans:
For stocks and bonds:
Investor Retirement Visa Subclass 405: Inheritance:
Investor Retirement Visa Subclass 405: Superannuation:
Investor Retirement Visa Subclass 405: Pension:
Investor Retirement Visa Subclass 405: Other personal asset items:
This is a temporary visa. It allows you to:
You and your family must comply with all visa conditions and Australian laws.
You must enter Australia before the date given to you in your visa grant notification.
Tell the department of immigration and border protection if your circumstances change. You can use the following forms:
Source: The Australian Department of Home Affairs (www.homeaffairs.gov.au). Please visit www.border.gov.au to get updated information.
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