Visitor and other · Subclass 405
Investor Retirement visa
Further visas only for existing or former 405 holders. Listed by Home Affairs among repealed visas.
Closed: Home Affairs states the visa is closed to new applicants but does not show the date on its page.. We do not lodge new applications in closed programs. This page is for people who already hold, or are covered by, an eligible visa. See closed and repealed visas.
Who it is for
Existing Investor Retirement visa holders, and former holders who have not held another substantive visa since last entering Australia. No new or first-time applicants.
Key eligibility
- Be an existing 405 holder, or a former holder who has not held another substantive visa since last entering Australia.
- Sponsorship by a state or territory government agency (not the ACT).
- Maintain a designated investment; the amount reduces by A$250,000 the first time you reapply.
- Access to net income of at least A$65,000 a year (A$50,000 if living in regional Australia), alone or with your partner.
- Comprehensive health insurance, health and character.
Where to apply, and bridging visas
Lodged on Form 1383, with state sponsorship Form 1249 lodged with the sponsoring state or territory. Check the Home Affairs page for where you must be at lodgement and grant.
Your journey, step by step
Plan the further visa
Check sponsorship, investment and income before the current visa ends.
How a registered migration agent helps: A registered migration agent checks eligibility and timing.
Service agreement
Before any personal advice or preparation, you receive a written service agreement and the OMARA Consumer Guide.
How a registered migration agent helps: A registered migration agent sets out the work, the fee and the refund policy in writing. No money is taken for visa work before the agreement is signed.
Sponsorship and investment
Obtain state sponsorship and confirm the designated investment with the state treasury corporation.
How a registered migration agent helps: A registered migration agent coordinates with the state.
Lodge
Lodge Form 1383 with the documents.
How a registered migration agent helps: A registered migration agent prepares the application.
Grant
Four-year stay; work up to 40 hours a fortnight.
The Department of Home Affairs makes every decision. No one can promise a grant, an invitation or a faster decision.
Government charges from 1 July 2026
| Applicant or item | Charge |
|---|---|
| Main applicant | A$635 |
| Family member 18 or over | A$320 |
| Family member under 18 | A$155 |
| Second instalment, each applicant before grant | A$12,990 |
Health checks, police certificates, translations, skills assessments and English tests are extra and paid to the provider. Our professional fee is separate and quoted in writing. Estimate total charges for your family.
Source: Home Affairs Current visa pricing table, charges from 1 July 2026, read 22 October 2026. Confirm in the Visa Pricing Estimator before you pay.
Processing times
Processing times are not published for this visa.
Not listed in the Home Affairs processing time guide when read on 22 October 2026.. Check the current Home Affairs guide. A guide only; times change monthly and are not a promise.
Common refusal risks
- Not an existing or eligible former holder.
- Designated investment not maintained.
- Income test not met.
- Health insurance not maintained.
Drawn from the published criteria and general practice experience, not Department statistics.
Document checklist
Tick items as you collect them. Ticks are saved in this browser only and are not sent to us. This is a general list; the Department may ask for more.
0 of 0 collected
The Immigration Worldwide. Sukh Sandhu, Registered Migration Agent, MARN 1384130. General information, checked 22 October 2026.
Recent changes
Charges from 1 July 2026: main applicant A$635; second instalment A$12,990 each.
Sources and checks
- Home Affairs: Investor Retirement visa (subclass 405)
- Home Affairs Current visa pricing table, charges from 1 July 2026
Related
Information checked 22 October 2026. General information only, not advice about your situation. Australian advice is given by Sukh Sandhu, Registered Migration Agent, MARN 1384130.
Talk it through. The first 15 minutes are free and general. Personal advice starts only after a written service agreement and the OMARA Consumer Guide.