Investor Retirement Renewal Visa | Move to South Australia

This is a four-year temporary visa for people wishing to retire in South Australia.

To be eligible, you must have substantial assets* and be willing to invest in South Australia. This visa does not lead to permanent residency however it can be renewed for additional four-year terms providing the state and Department of Home Affairs requirements are met.

*This visa is for applicants with net assets of at least AUD $530,000, (AUD $550,000 if you have a partner) and receive a combined annual income of at least AUD $50,000.

Nomination Requirements

To apply for this visa you must be state nominated by Skilled and Business Migration and meet all nomination criteria, as well as the Department of Home Affairs eligibility criteria.

To apply for the 405 Renewal you must be state sponsored by Skilled and Business Migration.

To meet South Australian 405 renewal sponsorship requirements, you must:

Hold a valid Investor Retirement visa (subclass 405) previously nominated by the South Australian Government
Meet the Department of Home Affairs renewal criteria
Continue to have a commitment to South Australia as your primary residence
Have net assets of at least AUD $250,000 – noting this full amount will be put into State Government bonds for 4 years.

SAFA Bond Investment

The South Australian Financing Authority (SAFA) provides State Government bonds which meets the criteria for a ‘designated investment’. SAFA charges no upfront investment fees, ongoing management or account keeping fees. The amount you invest is the amount you earn interest on, and is returned to you at the maturity of your investment
To check current interest rates and to learn more about the designated investment and how to make your investment, read the Investor Retirement information paper
You may discuss a proposed investment with SAFA at any time. Please contact SAFA Operations on 08 8226 9420 or 08 8226 9450, or email mail.safa@sa.gov.au

Once you have ensured that you meet the Department of Home Affairs visa criteria and South Australian nomination requirements, you will need to prepare and supply a range of documentation to complete your application.

Please review the Before you apply information below prior to starting your application via the Skilled & Business Migration portal

For the 405 Renewal you must provide documents to support your state sponsorship application, so use this checklist before you apply:

Scanned copies of the main applicant’s photo pages of your passport
Form 1249 – completed and signed
A copy of a valid Investor Retirement visa (Subclass 405) previously nominated by the South Australian Government
Copy of the SAFA bond maturation.

Once you have ensured you meet all visa and nomination criteria, and prepared all documentation required for your application:

Check the Department of Home Affairs visa conditions to ensure you meet the eligibility criteria
Ensure you qualify for state sponsorship in South Australia and read the state application terms and conditions
Submit an online application for state sponsorship to South Australia
If approved, you will receive a stamped Form 1249 and an approval notification from the Business Migration Team at Skilled & Business Migration. Submit the Form 1249 along with your Department of Home Affairs visa application to the Hobart office in Tasmania. This visa application must be received by the correct Department of Home Affairs office, before your temporary visa expires
As the final stage of your visa application, Department of Home Affairs will ask you to make your designated investment with the South Australian Government Financing Authority (SAFA).

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Investor Retirement Renewal Visa - Subclass 405

Before you apply

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