The new five year sponsored parent visa, the Subclass 870 Parent (Temporary) Visa, will be open for application on 17 April 2019.
Parents will be able to stay for up to five years at a time without departing and the Department has announced that up to 15,000 per year will be granted.
NB: The introduction of this visa is still subject to introduction of supporting regulations
§ Sponsorship application: $420
§ Visa application charge: $5,000 for 3 years duration, $10,000 for five years duration
The visa application charge is payable in two instalments, with one payment at time of application and the remainder paid prior to visa grant.
Other features include:
§ No Balance of Family test will be applied
§ 'No work' conditions will be applied
§ Require health insurance
§ Must provide evidence of access to funds