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143 CONTRIBUTORY PARENT VISA
This is a permanent visa referred to as a “Contributory” visa. This is because the initial application fee is $4,155 for the first applicant and $2,075 for additional applicants over 18 and $1,040 for an additional applicant under 18. However, the second instalment for each applicant is $43,600.
This visa takes approximately 3.5 to 4.5 years to process and is a permanent visa from approval. The large “Contribution” of money that is called for upon the second instalment is in order to offset the rights that are awarded to the visa holder under permanent residency such as health care that they have not contributed towards throughout their lives as ordinary Australians have throughout their life by way of tax.
REQUIREMENTS
The Australian Department of Home Affairs operates a Parent Visa that is for people who have children living in Australia as permanent residents or citizens for a minimum of 2 years.
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In order to qualify for this visa, the applicant must meet what is referred to as the balance of family test.
This test states that the applicant must have at least half of their children living in Australia as an Australian citizen or permanent resident or that more of your children live in Australia than any other country.
All children, including step-children and adopted children of both parents, are included in the balance of family test.
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In addition to the balance of family test, you must be sponsored by an eligible person, usually, your child and you must meet the health and character requirements.
BENEFITS
Stay in Australia indefinitely
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Work and study in Australia
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Enroll in Medicare, Australia’s scheme for health-related care and expenses
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Sponsor eligible relatives for permanent residence
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Travel to and from Australia for five years
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Apply for Australian citizenship (once residence requirements have been met)