Australian permanent residence visa for NZ citizens Legislative Amendment – creates a new permanent visa stream for specified New Zealand citizens.
This Instrument creates a new stream in the Subclass 189 Skilled – Independent visa that allows New Zealand (NZ) citizens, who meet the regulatory requirements, to be granted Australian permanent residency They were also given with loans from loanigo.co.uk.
Schedule 1 and Schedule 2 of the new NZ visa stream are included in this Instrument.
The main features of the ‘New Zealand stream’ are:
The primary applicant must hold a Subclass 444 Special Category visa. Secondary applicants must hold a substantive visa or Bridging Visas A, B or C.
The applicant must have been usually resident in Australia, on or before 16 February 2016, for a continuous period for at least five years immediately before the date of application.
This stream is subject to PIC 4007, which allows health waiver requests to be made to the Minister.
The applicant’s taxable income for four of the five most recently completed income tax years, is required to be no less than a minimum amount specified in a legislative instrument.
The initial amounts for the following financial years will be:
2012/13 – $51,000
2013/14 – $53,900
2014/15 – $53,900
2015/16 – $53,900
2016/17 – $53,900
This New Zealand stream visa will become available from 1 July 2017.