This visa is very similar in nature to the Tourist Visa with similar requirements. The major difference is that applicants must be sponsored by a relative in Australia.
Such relatives should be over 18 years of age who are either:
Sponsoring relatives will guarantee that visa holders will leave Australia upon expiration of their visas. In most cases, sponsors will be required to pay a refundable Security Bond as an extra assurance of compliance with visa conditions. This Security Bond currently varies from $5,000 to $15,000 depending on individual circumstances.
In all other respects, this visa is identical to the Tourist Visa.