Australia New Parent Sponsorship Income Requirement Increases

This is to inform that applicants who are willing to sponsor their parents for Temporary Sponsored Parent Visa of Australia must have a taxable income of $83,454.80 to become eligible for sponsoring parents.  The amount was specified in new legislative documents by the Immigration Minister David Coleman.

The Australian Immigration Department has started accepting Sponsorship applications for the new Parent Visa from 17th April. Once this sponsorship application is approved, the parents of the migrant can submit an application for the Parent Visa.

Australia will start accepting the Parent Visa applications from 1st July 2019

The Temporary Sponsored Parent Visa Subclass 870 allows parents and grandparents of Australian Citizens or Permanent Residents to live in Australia for up to five years. This visa is also renewable for the next five years allowing parents to reunite with their families in Australia for up to 10 years.

Check the eligibility to apply for Australia Parent Visa

However, the immigration department has not clarified the income requirement for second 5-year.

As per SBS News, the application fee for a 3-year Parent Visa is $5,000 and the sponsorship fee is $420. The income requirement of $83,454.80 can also be shown as a joint family income.

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Australia Parent Visa Processing Time Increases Due To ‘Retirement Visa’

The waiting period for parent visas is currently between six to 30 years. This is likely to increase for retiree visas now being allocated a proportion of these visas.

The Australian migrants who are awaiting the outcome of their parent’s permanent residency visa under Subclass 103 (Parent) visa or Subclass 143 (Contributory Parent) visa will have to wait longer to get the visas approved.

The visa wait is expected to get longer in the coming days for the migrants applying through outside Australia.

The migration Amendment (Pathway to Permanent Residents for retirement visas) will allow to permanently “regularizing” the status of ageing and different long-term residency visas like Retirement Subclass 410 and Investor Retirement (Subclass 405) visa by giving them the pathway to obtain a permanent visa.

The Retirement Visa was introduced 35 years ago to encourage self-supporting retirees to bring overseas funds into the Australian economy and spend time in Australia on their expenses at no cost to Australia’s social and welfare system.

The migrants will be able to apply for Subclass 103 (Parent) visa or a Subclass 143 (Contributory Parent) visa from 17 November 2018.

This new amendment will reduce the number of visas for parents migrating from overseas and will also increase the waiting periods which are currently between six and 30 years.

The government said that to maintain the overall planning level, people who hold a retirement visa will be allocated a proportion of visas that would have otherwise been granted to people applying for parent visas.

Thus, this will result in increasing waiting period for parent visas.

The budget review 2018-19 reads, “In addition, as people who hold retirement visas already live in Australia, and as most people who gain a parent visa currently live outside of Australia, this change will reduce the number of new migrants to Australia.”

Though, the processing time to apply for Australia parent visa will increase but the Department Home Affairs focuses on implementing in certain way that minimizes the impact on Parent Visa Programs.

Read more about Australia family visa processing time

The immigration department will allocate small places in the new pathway within the existing Parent Category places.

The department further added, “Pathway places will be gradually allocated over a number of years starting in 2018-19 and will not affect the overall number of Parent and Contributory Parent places in the annual migration.”

Australia is a leading immigration destination for the migrants willing to come and settle, parent visa category might be in troubling waters but there are different Australia Skilled immigration programs too that are equally acceptable.

Fill the free assessment form to arrange call-back from the visa and immigration experts of Aptech Global to know your immigration chances.
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