My father-in law lives with us in South Australia and he is nearing the end of his 405 investor retirement visa (my family are permanent residents). He has met the criteria for renewal of the 405, but due to the cost (about 11k for a 4 year renewal) and the continued financial requirements (needs to earn 50k per year to go for a future renewal) , we are considering going for the non-contributory Aged Parent visa (804).
He is 92 years old, and it seems he would be able to keep getting a bridging visa until the parent visa comes through (when he is 106?). Is this true?
Now for the complexity : though he may well be around for many years to come, it is unlikely he will be able to pass the health check required by the 804 (no health check required for renewals of 405). Thus, my main question is : when will he be required to go for the health check? Would it be soon after we apply or would it be in 14 years when his ticket comes up and it probably wont matter at that point? Or could it be at any time in between?
Should we just take the financial hit of the 405 to gain the certainty, or are we equally safe going for the 804?