Permanent residency

[frequentflyer]

Hi Folks,

Some fantastic advice and info on this website, well done!!
Hopefully somebody will be able to advise on my questions. I hold permanent residency (Class BW resident P, sub class 856). Due to unforseen circumstances I had leave my job in australia after 4 years and am now looking at returning to oz to work for another company. Does anybody know if my visa restricts me from working for other companies??

Also for the financial whizz-kids.......if I hold onto my property in Ireland, obtain interest only mortgage and treat as an investment will I be able to claim the expenses (interest, depreciation etc) on this investment as any other normal negatively geared investment in oz?

many thanks
ff

[ali]

I'm not sure about this visa, but sure that one of the agents who contribute to the site will be able to help.

Ali

[Alan Collett]

The subclass number 856 visa is an onshore employer sponsored visa granted under the Employer Nomination Scheme.

In short, you are at liberty to work for whoever you choose in Australia - it need not be the employer that sponsored you for the 856 visa.

See also: Employer Nomination Scheme (Subclass 121/856)

Best regards.

[frequentflyer]

Guys,

Thanks for the replys. Alan - thanks for that, that is very reassuring news.
Best regards

frequentflyer

[Australian Property]

Hi FF

Basically from what you have laid out as a PR status, your income and debt will be subject to Australian taxation law, and yes it should operate as you have stated.

However it is always best to be safe and have a professional check for you, I can recommend Joff Martin ex Deloitte Touche : 07 3870 3840 (int 00 61 7 3870 3840)

Regards

Chris