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What are the procedures for Australian 188C immigration?

Australia 188C immigration investment visa requirements: 1. No age limit, no English requirement, no points required; 2. No business background requirements; 3. Proof of legal possession of 5 million Australian dollars (can be gifted) ; 4. After approval in principle, invest 5 million Australian dollars into the specified fund within the specified period for 4 years; during the 5.4 years, the main applicant has lived in Australia for 160 days or the spouse has lived in Australia for 720 days.

Australia 188C immigration process: