The visa will permit you unlimited travel and entry to Australia for five years from date of grant, and indefinite stay on your arrival provided entry is made before the expiry date. Where you travel overseas and return to Australia after the specified date, you will need to obtain a five-year Resident Return Visa (RRV) to renew your permanent residence.
To renew your permanent residency, you must have been lawfully present in Australia for a period of, or periods that total, not less than two years in the period of five years immediately before the application for the RRV and, during that time, you must have been the holder of a permanent visa. Limited exceptions to the two-year rule apply.
also read; http://www.migratetoaust.com/FAQs.asp
picture source; google image - visa subclass 100 - just a sample...
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