In the last 3 years subclass 410 (Retirement) and 405 (Investor Retirement) visa holders have been able to obtain permanent residency visas under subclass 143 or 103, without the need to have family living in Australia or to meet the balance of family test.
See the details discussed here.
In so doing these visa holders are able to access the Medicare public health care system in Australia.
Many subclass 410 and 405 visa holders are otherwise unable to access Medicare.
We have obtained details of the number of these applications in the system as at 31 August 2021:
Number of Retirement Pathway visa applications – at 31 Aug 2021
Given the Department of Home Affairs allocated 125 x Contributory Parent visas to Retirement visa pathway applicants in the year to 30 June 2021 and there were only 48 applications outstanding as at 31 August 2021 we consider that subclass 410 and 405 visa holders who apply now for permanent residency under subclass 143 can reasonably expect a permanent visa to be granted in the next 6 to 12 months, particularly if the application is decision ready and the visa applicants have no significant health issues.
Note: following enquiry of the Department regarding when we can reasonably expect subclass 103 visa applications made by subclass 410 and 405 visa holders to be processed we are advised that there is no allocation in the Migration Program for the year to 30 June 2022. We therefore anticipate subclass 103 visas for Retirement Pathway applicants will start being processed in the Program year that starts on the 1st of July, 2022. Information in this regard updated on 6 Jan 2022.
If you are a subclass 410 or 405 visa holder, would like to apply for permanent residency, and would like to have a free initial chat to discuss your options please complete the enquiry form on this web page.