A Permanent Resident (PR) of Australia can live, work and conduct business without restriction in Australia. Permanent Residents have most of the rights and entitlements of an Australian citizen.
Permanent Residency status usually provides eligibility to access Medicare (the Australian National Health Scheme) and other Social Security benefits.
Permanent Residents are also eligible to sponsor family members or parents for a permanent visa.
Finally, if you have Permanent Residence status and you satisfy certain residential requirements, you may apply for Australian citizenship