Specified foreign retiree

For the purposes of additional foreign acquirer duty (AFAD), a specified foreign retiree is an individual (not an agent) who:

• holds a retirement visa (subclass 405 or 410)
  or
• applied for a parent visa (subclass 103) or contributory parent visa (subclass 143) on or after 8 May 2018 and the application is pending, and the last substantive visa held before applying is a retirement visa (subclass 405 or 410).