This is a permanent resident visa for subclass State/Territory Sponsored Investor (Provisional) visa (subclass 165) holders who have held a designated investment of AUD750,000 for a minimum of 4 years.
This visa grants you the following privileges:
- To stay in Australia indefinitely.
- To work and study in Australia.
- To enrol in Medicare, Australia’s public healthcare scheme.
- To sponsor your relatives to come to Australia.
- To travel to and from Australia for 5 years.
- To apply for Australian citizenship, if eligible.
If you are a newly arrived resident, you might have to wait before you can access certain Australian Government payments and benefits
You must be in Australia when you submit your application. Members of your family unit can be in or outside Australia, but not in immigration clearance.