Australia Parent visa (Subclass 103)

12 requirements quoted from the official source.

• ✓Apply As A RetireeYou can apply for a Parent visa (subclass 103) as a retiree if: on 8 May 2018, you held or had previously held an Investor Retirement (subclass 405) visa or Retirement (subclass 410), and you have not held any other substantive visa between 8 May 2018 and the date you applied for the Parent visa, and you are in Australia If you apply for this visa as a retiree: you do not need to meet the balance
• ✓Australian Government Debt ClearedIf you or any family members owe the Australian Government money, the debt must be paid back. Or, there must be an approved arrangement to pay it back.
• ✓Australian Values Statement Required​If you are 18 years of age or older, you must: have read, or had explained to you, the Life in Australia booklet sign the Australian Values Statement . This is to confirm that you will respect the Australian way of life and obey Australian laws.
• ✓Best Interests Of The ChildWe will not grant this visa if it is not in the best interests of an applicant under 18.
• ✓Character and securityYou, and any family members who apply for the visa with you, must meet our character requirement . We might also ask that other non-migrating family members meet the requirement.
• ✓Have Assurance Of SupportYou must be able to obtain an Assurance of Support, unless you apply for the visa as a retiree under the Retirement visa pathway . An Assurance of Support guarantees us that you will not need to rely on government assistance after you enter Australia on this visa for the Assurance of Support period. The assurance is for you and any family members who come to Australia with you on this visa. We wil
• ✓Health RequirementYou, and any family members who apply for the visa with you must meet our health requirement . We might also ask that other non-migrating family members meet the requirement.
• ✓Meet The Balance Of Family TestYou must meet the balance of family test. You meet the test if: at least half of your children and step-children are eligible children, or there are more eligible children living in Australia than any other single country. For more information and examples of how the test is applied, visit balance of family test . If you apply for this visa as a retiree, you do not need to meet the balance of fami
• ✓Not Have Had A Visa Cancelled Or A Previous Application RefusedWe will consider your immigration history when we make a decision on your application. This means you might not be eligible for this visa if you have had a visa cancelled or refused before. In some circumstances you may still apply for a permanent visa if you have had a visa cancelled or an application refused. For more information, see Limitations on applications in Australia . If you are applyin
• ✓Not Have This VisaYou cannot apply for this visa if you have already applied for or hold a Sponsored Parent (Temporary) (subclass 870) visa.
• ✓Sponsor RequiredYou must have an eligible sponsor. Usually, an eligible child will sponsor you. If your child is under 18, an eligible relative or community organisation can sponsor you. We must approve the sponsorship. For more information on eligible sponsors, change the switch at the top right of the page to 'Sponsors'. If you apply for this visa as a retiree, you do not need a sponsor.

Paperwork you prepare — it does not rule you out.

• ✓Health insuranceIf you apply for this visa as a retiree, you are personally liable for all your healthcare costs in Australia while we process your visa. Medical insurance helps limit your financial liability. You must maintain adequate health insurance until we grant you a Parent visa. Your insurance should cover you for medically necessary treatment, including transport. See a guide on what we consider adequate

• ✓Eligibility summaryYou cannot apply for this visa if you have already applied for or hold a Sponsored Parent (Temporary) (subclass 870) visa.
• ✓Official Rights Textstay in Australia indefinitely work and study in Australia enrol in Australia's public healthcare scheme called Medicare sponsor your family members to come to Australia travel to and from Australia for 5 years if eligible, attend free English language classes provided by the Adult Migrant English Program if eligible, apply for Australian citizenship .
• ✓Official source basisYou cannot apply for this visa if you have already applied for or hold a Sponsored Parent (Temporary) (subclass 870) visa.
• ✓Report summaryYou cannot apply for this visa if you have already applied for or hold a Sponsored Parent (Temporary) (subclass 870) visa.
• ✓Visa SubclassThe official page identifies this route as subclass 103.