3 ms·Are you on a 457 visa by any chance?by astrec 15y agoAre you on a 457 visa by any chance?dschobel 15y agoyepastrec 15y agoI suspect you'll find that clause in your contract is to protect your sponsoring employer from liability in the event that you declare bankruptcy. That is, they cease to be your sponsor and thus absolve themselves of any liability.