What are the key requirements, costs, and processing times for Contributory Parent visa (subclass 143)?

The Contributory Parent visa (subclass 143) is a permanent visa that allows parents of settled Australian citizens, permanent residents, or eligible New Zealand citizens to live in Australia permanently. To be eligible, you must have a child who is a settled Australian citizen, PR, or eligible NZ citizen, meet the balance-of-family test, and have sponsorship and assurance of support.

The key requirements for this visa include paying the contributory (second) instalment, which is well over AUD 40,000 per parent, and undergoing health and character checks. It's essential to note that the processing time for this visa is typically multiple years, although it's faster than the standard subclass 103.

In terms of costs, the Contributory Parent visa (subclass 143) is a high-cost option, with the second instalment being a significant expense. However, it offers a significantly shorter processing time compared to the standard subclass 103, making it a viable option for those who can afford the higher contribution charge.

It's crucial to check the official government sources for the most up-to-date information, as visa rules and processing times can change. Additionally, it's recommended to consult with a registered migration agent to ensure you meet all the requirements and to guide you through the application process.