Retirement Visas - an update

Old Mar 23rd 2005, 8:16 am
  #1  
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Default Retirement Visas - an update

http://www.gomatilda.com/news/article.cfm?articleid=338

Best regards.
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Old Mar 23rd 2005, 10:31 am
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Default Re: Retirement Visas - an update

Originally Posted by Alan Collett
Thankyou for the update Alan.It should be of interest to not only prospective 410 applicants but also to all existing retirement visa holders too.
The draft amendments in two areas you mention namely relaxation of the 20 hour working week and the 2 year converted to 4 year visa renewal are of a positive nature and should prove helpful.
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Old Mar 24th 2005, 8:18 am
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Default Re: Retirement Visas - an update

Alan,

Thank you very much indeed for taking the time to let us know of the impending changes.
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Old Mar 24th 2005, 9:20 am
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Default Re: Retirement Visas - an update

Originally Posted by Marc C
Alan,

Thank you very much indeed for taking the time to let us know of the impending changes.
Without having visited Alan's site on this occasion, this is the full text of the MIA announcement:


Retirement category (subclass 410):
Information was provided to members yesterday on this matter, but for the sake of completeness, it is reproduced below.

DIMIA have confirmed to me just today that the ability for applicants to apply for an initial subclass 410 Retirement visa is due to be cease with effect from 1 July 2005 i.e. no further applications will be accepted after 30 June 2005.
Those persons who already hold 410 visas, or those whose applications are lodged before 30 June (and which result in the grant of visas) will be treated quite differently from current 410 holders – fortunately, for the better.
It appears (although additional information will come from DIMIA in the coming weeks) that 410 holders MAY be granted full work rights and WILL be granted 4 year roll-over visas, rather than the two years they are granted at present. Roll-overs will be granted on the basis of no medicals (unless otherwise indicated i.e. time spent in high risk countries) and no need to evidence capital requirements (unless indicated by applicant having accessed for example Australian benefits).

The 410 visa is to be replaced by the Regional Investor category, but it is not clear at this point that this will come into effect on 1 July, as there appears to be some level of resistance on the part of one or another of the State / Territory Governments. As we have reported in the past, the proposed Regional Investor visa will require ‘sponsorship’ by a State / Territory Government.

As soon as that situation is resolved information will be provided to members. In the meantime, please bear in mind the closing date for your aspiring first time retirement visa applicants.
Len Holt
MIA National President
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Old Mar 24th 2005, 9:52 am
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Default Re: Retirement Visas - an update

George,

Thank you very much for the text of the message from the MIA.

It would be comforting if the new Regional Investor category visa were to lead ultimately to permanent residency.

Last edited by Marc C; Mar 24th 2005 at 9:55 am.
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Old Apr 16th 2005, 6:25 am
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Default Re: Retirement Visas - an update

Hi Alan,

thanks for the update. I just heard a rumor from a friend of mine that
the current batch of retirement visa holders will be allowed to extend
their stay for another 4 years and then we will have to either leave
Australia or pick the regional retiree visa route if we want to stay.
Is that legally valid? It will be hard to believe that after we have
established social and financial ties with Australia, the current
retirement visa holders also need to be subject to the changes AFTER
June 30, 2005. Please share with us your professional opinion.

Thanks again for your help, you have been extremely resourceful and
helpful!
 
Old Apr 16th 2005, 7:12 am
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Default Re: Retirement Visas - an update

Am not sure how to reply to a rumour that seems to have no substance ... ask your "friend" where he heard of this, as it sounds like a myth to me ...

Best regards.




Originally Posted by siujessy
Hi Alan,

thanks for the update. I just heard a rumor from a friend of mine that
the current batch of retirement visa holders will be allowed to extend
their stay for another 4 years and then we will have to either leave
Australia or pick the regional retiree visa route if we want to stay.
Is that legally valid? It will be hard to believe that after we have
established social and financial ties with Australia, the current
retirement visa holders also need to be subject to the changes AFTER
June 30, 2005. Please share with us your professional opinion.

Thanks again for your help, you have been extremely resourceful and
helpful!
Alan Collett is offline  

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