The Permanent Residence (Skilled Regional) visa under the Regional Provisional stream serves as a pathway to permanent residency for eligible holders of the Skilled Work Regional (Provisional) (subclass 491) visa and the Skilled Employer Sponsored Regional (Provisional) (subclass 494) visa.
Notably, there is no minimum income requirement for the Permanent Residence (Skilled Regional) visa (subclass 191). The absence of a legislative instrument specifying a minimum income threshold for this visa means that applicants are not bound by any income requirement.
Primary applicants must provide notices of assessment issued by the Australian Taxation Office (ATO) for three income years out of the five years of their eligible visa. It is important for applicants who have already lodged their application to ensure that these three notices are included.
The Australian Government aims to establish a migration system that aligns with the national interests and supports migrants who are already living and working in Australia and possess the skills required for success. This initiative provides them with clarity regarding their prospects for permanent residency.
For further information about the Permanent Residence (Skilled Regional) visa in the Regional Provisional Stream, additional details can be found by referring to the provided source or visiting the relevant resources.