Applicants must hold a state-nominated 165 provisional visa to be eligible to apply for an Investor permanent residence subclass 893 visa.
In addition to meeting the subclass 893 visa criteria of the Department of Home Affairs, applicants must have fulfilled the South Australian State Government sponsorship requirements.
You must show evidence you have:
- Lived in South Australia for at least two years in the last four.
- Held AUD $750,000 in South Australian Government Finance Authority (SAFA) bonds for four years.
- A business or investment plan for your AUD$750,000 investment.
- Migrants who were aged within three months of turning 55 years when they lodged their subclass 165 visa application may have been approved on the basis of a business plan in addition to the investment of AUD$750,000 in SAFA bonds for the four years. You will need to show evidence the plan has been completed before you apply for your subclass 893 visa, in addition to the above evidence requirements.
Skilled & Business Migration may ask for further evidence which may relate to Department of Home Affairs visa criteria for reporting purposes or the assessment itself and may also affect the sponsorship decision.