24 March 2005
Notice to Australian Visa Bureau clients regarding important changes to the Australian subclass 410 Retirement visa
Through a statement received by Mr Len Holt, president of the Migration Institute of Australia (MIA), we have been made aware the Australian Department of Immigration and Indigenous and Multicultural Affairs (DIMIA) will cease the Australian Subclass 410 Retirement Visa on 1 July 2005.
No further applications will be accepted for the Australian Subclass 410 Retirement Visa after 30 June 2005.
What does this mean for you?
If you have already lodged your application, your application will be processed as normal and this announcement will not affect you or the status of your application.
If you have yet to lodge your application, you must do so prior to the 30 June 2005. Failure to lodge your application before this date will mean you will be subject to the new Regional Investor category visa to be announced by DIMIA in the coming weeks.
At this time, there are few details available regarding the new Regional Investor category. Several components of the new visa have been reported, but have yet to be confirmed by DIMIA. These include state sponsorship; full work rights and a four year roll over visa, as opposed to the current two year roll over.
Please continue to visit the Australian Visa Bureau web site for news and information concerning the changes to the Australian Subclass 410 Retirement Visa.
If you have any questions regarding your application and how these changes may affect you, please contact your case worker directly.