Investor Retirement visa 405
Further visas only for existing or former 405 holders. Listed by Home Affairs among repealed visas.
Closed to new applicants
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.
Main requirements
- 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$50,000 if living in regional Australia), alone or with your partner.
- Comprehensive health insurance, health and character.
Where you apply from
Lodged on Form 1383, with state sponsorship Form 1249 lodged with the sponsoring state or territory. Check the Home Affairs page for where you must be at lodgement and grant.
Your journey, step by step
From the first enquiry to the decision and after, with how a registered migration agent helps at each step. No step promises an outcome.
- Plan the further visa
Check sponsorship, investment and income before the current visa ends.
How a registered migration agent helpsA registered migration agent checks eligibility and timing. - Service agreement
Before any personal advice or preparation, you receive a written service agreement and the OMARA Consumer Guide.
How a registered migration agent helpsA registered migration agent sets out the work, the fee and the refund policy in writing. No money is taken for visa work before the agreement is signed. - Sponsorship and investment
Obtain state sponsorship and confirm the designated investment with the state treasury corporation.
How a registered migration agent helpsA registered migration agent coordinates with the state. - Lodge
Lodge Form 1383 with the documents.
How a registered migration agent helpsA registered migration agent prepares the application. - Grant
Four-year stay; work up to 40 hours a fortnight.
How a registered migration agent helpsA registered migration agent
Government charges from 1 July 2026
Paid to the Department of Home Affairs, not to us.
| Applicant or item | Charge (A$) |
|---|---|
| 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 |
Check every charge in the Home Affairs Visa Pricing Estimator.
Processing times
Not listed in the Home Affairs processing time guide. Read 22 October 2026. A guide only, not a promise.
| Processing time | Not published. Home Affairs processing times |
|---|
Common refusal reasons
- Not an existing or eligible former holder.
- Designated investment not maintained.
- Income test not met.
- Health insurance not maintained.
Document checklist
Tick items as you gather them. Your ticks stay on this device only.
- Application
Recent and upcoming changes
- 1 July 2026
Charges from 1 July 2026: main applicant A$635; second instalment A$12,990 each.
Talk it through before you apply.
The first 15 minutes are free and general. Personal advice starts after a written service agreement.
Information checked 22 October 2026. General information only, not advice for your situation. Rules and charges change; check the official sources before you act.