Who can apply:
Anyone who is 55 years of age or over. If a couple, one partner only has to be 55
What it entitles you to:
Four years temporary residence in Australia with limited work rights of 20 hours per week. Further applications can be made.
Terms & Conditions:
Applicants can have no dependants other than a spouse and must have full private medical/hospital insurance at all times. State/territory government sponsorship is required and the following charges apply :
Further Information: Normal health and character checks are required on initial application and streamlined procedures on subsequent applications. Limited work rights will allow for voluntary work or investment management activities.
Anyone who is 55 years of age or over. If a couple, one partner only has to be 55
What it entitles you to:
Four years temporary residence in Australia with limited work rights of 20 hours per week. Further applications can be made.
Terms & Conditions:
Applicants can have no dependants other than a spouse and must have full private medical/hospital insurance at all times. State/territory government sponsorship is required and the following charges apply :
- A second visa charge of $10,440 per person
- Assets of $500,000 if settling in a regional area of Australia, or $750,000 if settling in a non-regional area, to establish themselves.
- Funds for investment in a treasury bond with the sponsoring state/territory government of $500,000 if settling in a regional area or $750,000 if settling in a non-regional area.
- Net annual income stream from investments, pensions, etc. of $50,000 p.a. if settling in a regional area or $65,000 p.a. if settling in a non-regional area.
Further Information: Normal health and character checks are required on initial application and streamlined procedures on subsequent applications. Limited work rights will allow for voluntary work or investment management activities.
