Can a 482 visa lead to permanent residency?

Good day, I have a question regarding the 482 visa and its potential for permanent residency. I understand that the 482 visa is a temporary work visa allowing skilled workers to live and work in Australia for a specified period. However, I'm curious to know if there's a clear pathway for those holding this visa to transition to permanent residency status. Could you please elaborate on the requirements and processes involved in achieving this goal? Additionally, are there any common pitfalls or obstacles that applicants should be aware of? Thank you for your time and assistance.