In the budget for fiscal year 2018 / 19, Australia`s government announced that visa holders of 410 (Retirement) and 405 (Investor Retirement) for the new fiscal year would be granted PR access to extend 103 / 143 visas.
According to the Australian Immigration Service, the channel will be officially opened on the 17th of this month!
410-405 Little Science Popularization
The Australian Retirement Visa (410-Retirement and 405-Investor Retirement), which has been introduced for more than 30 years, is designed for high net worth people who plan to spend their later years in Australia after retirement.
The purpose of the government visa is clear, which is to encourage economic retirees to invest and spend in Australia without increasing the burden of local taxpayers.
Asians are unfamiliar with retirement visas, mainly because of their stringent application requirements and low probationary rates for Asians. The target group for retirement visas is the Europe and America population, mainly of Angru Saxon descendants.
410x405 to PR Channel Open
With regard to the trial population of the passage, the Migration Board clearly stipulates that:
- Currently holding a 405 / 410 visa
- No visa other than 405 / 410 has been held since 8 May 2018
- To apply for 103 / 143 through this channel, the applicant must be in the territory
The USCIS did not give a clear response to the quota ceiling for this channel, but only a small part of it.
As far as the current policy is concerned, the Immigration Board is to allow all 405 / 410 holders who meet the above requirements to get the PR. smoothly.
The quota was distributed from FY18 to FY18 and over the next few years until all eligible 405 / 410 holders were "digested".
A 410 / 405 to 103 / 143 visa does not require a family balance test, which means that the 410 / 403 visa holder can use the quota or even the visa class code for parental immigration in a dignified manner even if it is not an Australian parent.
Under the premise that the total quota of parents emigration remains the same, increasing the PR channel from 410 to 103 to 143 is tantamount to reducing the PR quota of parents` immigrants in disguised form.
103 / 143 trial speed will be greatly reduced
When the Budget was announced, the policy caused quite a stir. Now, as the PR channel is about to open, complaints from potential applicants (103-143 visas) are ringing again. We are generally worried that the official opening of the channel, 103 to 143 visa approval speed will be greatly reduced.
And such fears, by no means for no reason. According to the Migration Board, in fiscal year 2018 / 19, paid-parent immigrants (including 173 / 143 and 884 / 864 visas) plan to issue 7175. Queued parent immigrants (including 103 and 804 visas) plan to issue 1500.
However, due to the lack of immigration places for queued parents and the long waiting period (nearly 30 years), more and more people tend to be more and more inclined to 143.
As of June 30, 2018, the number of applications in the paid category (143rd category) had reached 48595 and the number of visa applications in line had reached 50626.
According to the latest progress of visa processing, 75 percent of the 143 applications are completed within 43 months and 90 percent within 48 months, according to the latest visa processing schedule released by the Immigration Board.
In a 405 / 410-to-PR opening statement, the Immigration Board publicly stated that these individuals` 143 signatures would be given priority after the opening of the channel. Their 103 applications will not be heard for at least four years.
As a result, from Nov. 17, the first impact will be on paid parents immigration visas, which will be processed at a much slower pace. Four years later, the speed of processing 103 visas for queued parents will also be affected.
Although the Immigration Board has repeatedly stressed that every effort will be made to reduce to 405 / 410 to PR the impact on 103 / 143 visa applications. But in the face of immigration said a set of style, this so-called emphasis, is always unconvincing ah.
epilogue
Although 405 / 410 takes up parental immigration quota to PR channel will be open after 16 days, its possible impact is beyond our control.
