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The Government will provide $0.1 million in 2009-10 to extend the Retirement Visa (Subclass 410) validity period from four to 10 years, and to remove the current statutory limit on work rights for holders. Currently, Retirement Visas (Subclass 410) are valid for four years and do not allow holders to work for more than 20 hours per week.
The measure will provide applicants with more certainty regarding their length of stay in Australia, and allow paid and volunteer work to be undertaken. Around 8,700 visa holders will be affected by these changes. The Retirement Visa (Subclass 410) closed to new primary applicants from July 2005.
The cost of this measure will be met from within the existing resourcing of the Department of Immigration and Citizenship.
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