This temporary visa is for self-funded retirees who have no dependents and want to live in Victoria during their retirement years. In order to lodge a valid visa application to the Department of Immigration and Border Protection (DIBP) you must receive state sponsorship support.
To find out if you are eligible, read the Department of Immigration and Border Protection’s (DIBP) visa criteria for the Investor Retirement visa (subclass 405)
To be eligible for visa sponsorship by the state of Victoria, you will need to:
You should also read the state sponsorship conditions and assessment criteria on this page.
Once you are the holder of an Investor Retirement visa (subclass 405) you can apply for it to be renewed after four years. You must fulfil all of the requirements of the visa in the first four years and receive state sponsorship approval again in order to extend your stay in Victoria.
Once you are confident you can meet the relevant requirements, you can apply for Victorian visa sponsorship.
Follow the steps below to apply for Victorian state sponsorship of your visa application.
1. Prepare your documentation by completing the following:
Appointment of an Agent/Representative form
Sponsorship Conditions form
Part B form.
All are available from the Supporting Documentation and Forms page.
2. Register as a user of the Live in Victoria website.
3. Apply for visa sponsorship online, uploading the documents when requested.
If you experience technical difficulties with your online application, please email: firstname.lastname@example.org
Processing times can vary. Applicants can expect an outcome within four weeks from the time your complete application is lodged for state sponsorship.
If further clarification is required regarding your application, additional information may be requested.
You and your agent will be notified of the outcome of your visa sponsorship application by email.
Sponsorship support by the Victorian Government is conditional and subject to formal acceptance and acknowledgement by the applicant of the following:
The applicant has read (or has had read to them) the contents of their application and confirms that the information contained therein is true and correct.
The applicant confirms that they meet all of the Department of Immigration and Border Protection (DIBP) visa eligibility criteria.
The Victorian Government may share information relating to the application and the applicant’s business/investment activities in Victoria with the Department of Immigration and Border Protection (DIBP).
The Victorian Government reserves the right to make direct contact with the applicant in relation to this application or related matters. This may include contact from the Commissioner of a Victorian Government Business Office (VGBO) to discuss potential assistance in relation to business/investment activity in Victoria.
The Victorian Government has no legal authority to deal with visa matters and will not advocate to the Department of Immigration and Border Protection (DIBP) or the Migration Review Tribunal on behalf of the applicant.
The applicant will notify the Victorian Government of any changes in their contact details and agrees to participate in any surveys that the Victorian Government may initiate.
The Victorian Government does not endorse any investment made, or any business activity undertaken, by the applicant nor does it accept liability for any financial loss, cost or expense incurred as a result of any business decision, business activities or investments made by any person in any way connected with this application, or otherwise.
Without express written consent from the Victorian Government, failure to comply with the above conditions may result in the withdrawal of Victorian Government support for the applicant’s visa.
When you apply for Victorian visa sponsorship, your application is assessed against a number of criteria. We apply the criteria below across all applications.
Applicants are required to meet the Department of Immigration and Border Protection (DIBP) requirements.
Applicants must be aged 55 years or older and have no dependants, other than their partner.
The applicant must have a genuine commitment to establish a residence and reside in the state of Victoria as per the visa and nomination conditions.
Applicants must have made a designated investment of at least A$750,000 in their name (or in the names of the applicant and their partner), in the Treasury Corporation of Victoria. The funds for the designated investment are in addition to DIBP’s asset requirements.
If the applicant intends to live in regional Victoria they must have made a designated investment of at least A$500,000 in their name (or in the names of the applicant and their partner) in the Treasury Corporation of Victoria.
Metropolitan and Regional areas are based on postal codes nominated by the Department of Immigration and Border Protection.
A designated investment must be maintained for the duration of the Investor Retirement visa (subclass 405). The amount of the designated investment decreases by A$250,000 the first time the applicant reapplies for the visa and then remains constant thereafter. If the applicant reapplies for their Investor Retirement visa (subclass 405) a designated investment of A$500,000 must be made and maintained. If the applicant lives in regional Victoria a designated investment of A$250,000 must be maintained.
For further information or assistance with your application for Victorian visa sponsorship please contact:
Telephone: +61 3 9651 9756