Given the queue for the 804 parent visa is around 50 years, we will likely be living in Australia on a temporary visa (Bridging Visa A - BVA), for the rest of our days.
We are retired and do not currently have any Australian income other than a small amount of bank interest (<$100 each month), which is being taxed at the highest rate as we do not have a TFN.
Questions:
1 / As temporary residents (BVA), what is our tax residency /status for tax purposes in Australia?
2 / If we apply for a TFN, will we need to complete an Australian tax return each year even though we have no other Australian income?
Note: I have tried to ascertain this using your online tools, however there is no clear answer for our situation. The tool asks if we are migrating and settling (yes we are) but then assumes we have PR (which we do not).