Parent Visa 143: Financial Requirements and Sponsorship Explained

The Parent Visa 143 (also known as the Subclass 143 Contributory Parent Visa) offers a pathway for parents of Australian citizens, permanent residents, or eligible New Zealand citizens to live permanently in Australia. However, before applying for this visa, it’s essential to understand the financial requirements and the sponsorship obligations involved.

Sponsorship and Financial Requirements for Parent Visa 143

To apply for the Parent Visa Subclass 143, you must be sponsored by your child who is an Australian citizen, permanent resident, or an eligible New Zealand citizen. The sponsorship is a crucial element of the application process, and your sponsor will be responsible for ensuring you comply with visa conditions during your stay in Australia.

Sponsorship Obligations

Your sponsor must meet certain criteria, including:

• Being a citizen or permanent resident of Australia.
• Being able to financially support you during your stay.
• Providing a legally binding assurance that you will not rely on government financial assistance.

Financial Criteria for Parent Visa 143

One of the key components of the Subclass 143 Contributory  application is the financial requirement, which is based on your sponsor’s ability to support you. The Australian Government assesses this to ensure that parents will not become a burden on the country’s social welfare system.

While there is no specific amount set for the sponsor’s financial support, applicants must demonstrate that they can cover their living expenses. This may include:

• Proof of income, employment, and financial stability.
• Evidence of sufficient funds or assets to cover living costs.

Your sponsor may also need to provide a bond to guarantee that you will not rely on welfare benefits. The bond is refundable once you meet the visa conditions and residency requirements.

Other Key Points to Consider

1. Waiting Time: The Parent Visa 143 is a contributory , meaning it requires a higher fee in exchange for faster processing times compared to other  visas like. You will need to pay the application fee upfront, which is substantial but necessary to fast-track your application.
2. Healthcare: You will need to maintain adequate health insurance while staying in Australia on a Parent Visa Subclass 143. This ensures that you have access to necessary health services without burdening Australia’s public healthcare system.
3. Age and Eligibility: You must be of the required age to apply for a parent visa. The age is based on the Australian Government’s retirement age, which can vary. You will also need to pass a health and character test as part of your application.

Conclusion

The Parent Visa 143 offers an excellent opportunity for parents to reunite with their children in Australia. However, the financial requirements are significant and require careful planning. By ensuring that you meet the sponsorship obligations and have the necessary financial support, you can successfully apply for the Subclass 143 Contributory Visa and enjoy the benefits of permanent residency in Australia.

If you need assistance with the application process or have any questions about the Australian Visa Subclass 143, consulting with an experienced immigration lawyer can provide valuable guidance and support.

Read More: Parent Visa 143: Financial Requirements and Sponsorship Explained

About Post Author