Charges from 1 July 2026: main applicant A$635; second instalment A$12,990 each.
Visa file / Visitor and other visas
Investor Retirement visa 405
Further visas only for existing or former 405 holders. Listed by Home Affairs among repealed visas.
Closed to new applicants
File: 405
Main chargeA$635
Information checked22 October 2026
Personal adviceRegistered agent only
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.
Closed to new applicants: Home Affairs states the visa is closed to new applicants but does not show the date on its page.
Published eligibility
- 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.
Related
From first enquiry to grant and after.
The usual steps, and where a registered migration agent can help at each one. Immi Worldwide gives general information and settlement support, never advice about your visa.
- 01
Plan the further visa
Check sponsorship, investment and income before the current visa ends.
Where a registered migration agent can helpChecks eligibility and timing.
- 02
Service agreement
Before any personal advice or preparation, you receive a written service agreement and the OMARA Consumer Guide.
Where a registered migration agent can helpSets out the work, the fee and the refund policy in writing. No money is taken for visa work before the agreement is signed.
- 03
Sponsorship and investment
Obtain state sponsorship and confirm the designated investment with the state treasury corporation.
Where a registered migration agent can helpCoordinates with the state.
- 04
Lodge
Lodge Form 1383 with the documents.
Where a registered migration agent can helpPrepares the application.
- 05
Grant
Four-year stay; work up to 40 hours a fortnight.
Where a registered migration agent can help
Charges and processing times.
| Charge | Amount |
|---|---|
| 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 |
Source: Home Affairs Current visa pricing table, charges from 1 July 2026. Check the Visa Pricing Estimator before you rely on a figure.
Processing times: not published by Home Affairs for this visa. Not listed in the Home Affairs processing time guide. Global visa processing times.
Common refusal reasons
- Not an existing or eligible former holder.
- Designated investment not maintained.
- Income test not met.
- Health insurance not maintained.
Drawn from the published criteria and general practice experience. They are not Departmental statistics.
Document checklist
Application
A general list. The Department's own document checklist for your application is the one that counts. Ticks stay on this page only.
What changed, and what people ask.
Sources
- Home Affairs: Investor Retirement visa (subclass 405)
- Home Affairs Current visa pricing table, charges from 1 July 2026
Information checked 22 October 2026. General information only, not advice about your circumstances.
Where this becomes advice
How any of these rules applies to a particular person, which visa to choose, and any application are immigration assistance, given only by a registered migration agent.
Immi Worldwide does not give immigration assistance. For advice about your own situation, Immi Worldwide can refer you to Sukh Sandhu, Registered Migration Agent, MARN 1384130, of The Immigration Worldwide Pty Ltd, or you can choose any registered migration agent.
Ask for a referral to Sukh Sandhu, Registered Migration Agent, MARN 1384130 Ask for a call back about a referral
The referral form opens with the box to pass your enquiry to the registered agent already ticked. Immi Worldwide does not charge for a referral.