05-NOV-2018 New Legislative Instrument-F2018L01472- Migration Amendment (Pathway to Permanent Residence for Retirees) Regulations 2018

New Legislative Instrument-F2018L01472- Migration Amendment (Pathway to Permanent Residence for Retirees) Regulations 2018 comes into effect on 17 November 2018.
This Legislative Instrument introduces amendment that relates to the small group of temporary resident retirees who have been unable to progress to permanent residency due to the closure of that pathway for retirees.
Holders or former holders of Subclass 405 (Investor Retirement) visa or a Subclass 410 (Retirement) visas now have access to permanent residency through Subclass 103 (Parent) visa or a Subclass 143 (Contributory Parent) visa, without the requirement to meet the balance of family test.
Applicants must maintain adequate health insurance until the permanent visa is granted, and meet the relevant health, character and other public interest criteria for the grant of the permanent visa.
The applicant must not have held another substantive visa other than a Subclass 405 or 410 in the intervening period.