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In a welcome move, the Australian Government has said it will legislate to extend the validity period of subclass 410 Retirement visas to 10 years, and remove the working restriction on these visas.

Subclass 410 Retirement visas ceased to be available to new applicants at the end of June 2005, but there are nevertheless some 8,700 410 visaholders in Australia at the moment.

The 410 visa is a long term temporary residency visa, with an initial validity period of 4 years. Initially renewals of this visa were required every 2 years, and there was a no work condition attaching.

Work rights were relaxed in 2003, and relaxations to the health requirements upon renewal of 410 visas were announced later that year.

In 2005 the rollover period for 410 visas was extended from 2 years to 4 years.

Successive Immigration Ministers appear to be sympathetic to the position in which Retirement visaholders find themselves. Many 410 visaholders are now long standing members of Australian communities, and granting permanent residency is a natural next step – the present Minister appears willing to listen to representatives of the 410 cohort, and in extending the renewal period to 10 years is (we would submit) providing quasi-permanent residency to affected individuals.

Full access to Medicare appears to be the main issue with this visa category, together with an ongoing requirement to maintain private health insurance.Indeed, with temporary visaholders being able to structure their personal tax affairs such that overseas source income (including UK source pensions) are not subject to tax in Australia, some would contend that 410 visaholders are in a good place visa and tax wise.If you are a subclass 410 visaholder and would like to discuss your personal tax and financial position please contact us at our Perth or Geelong office. Go Matilda Accounting and Tax is one of the few firms of advisors that have consultants with knowledge across the UK and Australian jurisdictions, and are therefore ideally placed to assist with the preparation and lodgment of UK and Australian Tax Returns, and to provide strategic advice on personal tax planning.

We also recommend that Retirement visaholders visit the internet discussion group that lobbies for the interests of individuals holding subclass 410 visas – British Expat Retirees In Australia, or BERIA: see the weblink below.

  http://groups.yahoo.com/group/BERIA/  Source : www.gomatilda.com 

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The Concept Plan and Structure Plan that details how the Ocean Reef Marina site should be developed and how it should look in the future.

The concept plan has been developed using feedback and input from the Community Reference Group, Ocean Reef Marina Committee (of Council) and the Ocean Reef Marina Steering Committee.

Based on input from the above, the key issues identified in developing the Ocean Reef Marina site were the provision of: 

• An iconic marina development accessible to all residents                                   ocean reef marina plan 
• First class boating facilities and infrastructure
• Quality marine recreation facilities
• Best practice environmental conservation and preservation 

The Ocean Reef Marina development has the potential to provide the City’s residents with a world class recreational, residential, boating and tourism marina, development that encapsulates high levels of environmental sustainability, community amenity and delivers economic growth and social benefit. 

Preliminary studies and research in the areas of environmental impact and sustainability, structure planning, coastal engineering and hydrology, and financial and commercial viability have been completed and indicate that the site does have the potential for a development of this nature.

Source   www.joondalup.wa.gov.au

 

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single motherSarah MacPherson has a 19-year-old daughter living at home.

“I think people should be realistic that we’re in unusual economic times and that the government might need to hand down an unusual budget to respond,” she said.

“I really hope the Government looks after the most vulnerable in society, the pensioners, the carers, single parents.

“I’m happy for them to increase taxes on cigarettes and alcopops, because the youngsters with the alcopops and cigarettes are just a horror, aren’t they?”

After a long period as a PAYE worker Sarah’s career is in transition as she looks to start up a technology-based business

She says that in the current economic climate, where people may be losing their jobs, the Government needs to provide
stimulus packages for small startup companies.

On the broader economy, Sarah says first homeowners are the only segment of the housing market keeping the “crucial” building industry afloat right now.

“I would look at them to continue the first home owners grant to stimulate the economy via house sales,” she says.

“I do have quite a few friends with kids older than (my daughter) and they’re all trying to get in before the end of June, because the Government has only promised the boosted grant until then.”

Sarah believes Treasurer Wayne Swan’s mooted investment in primary school infrastructure will provide economic stimulus in the short term, and benefit society in the long term.

She also says the GST charged on sanitary products should be dropped immediately.

“That’s an absolute necessity for women.”

http://www.watoday.com.au/wa-news/budget

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