Criteria Business Owner

(Provisional) Subclass 160

 

- Overall successful business career

- Net assets - business AUD$200,000

- Net assets – business and personal AUD$500,000 lawfully acquired and capable of being transferred to

Australia within 2 years

- For at least 2 out of last 4 fiscal years applicant’s main business/es

overseas have annual turnover of at least AUD$500,000

- Applicant and/or spouse have sufficient net assets to settle in Australia

- Shareholding If publicly listed company applicant and/or spouse hold at least 10%

- For at least 2 out of 4 fiscal years immediately before the application is

made, applicant has spent at least 50% of time in management role in

business that provides professional, technical or trade services

- Has notified appropriate regional authority in state/territory regarding

applicant and business intentions in Australia

- Genuine business commitment  to establish or participate in active management of qualifying business in Australia and maintain substantial ownership interest

- Neither applicant or spouse has history of unacceptable business activities

Demonstrates need to be in Australia to conduct or establish business

activity in Australia

- Under 45 years of age

- English language standard required - Vocational

- Understand obligations as the holder of subclass 160

- Where applicant must be at time of decision

Outside Australia (primary applicant)

In Australia if holder of student visa (secondary applicant)

- Visa validity 4 years from entry expiry date

- Conditions Either 8502 or 8515 may be imposed