Investor (Provisional) Subclass 162

 

- Overall successful qualifying business activity or eligible investment

activity

- Net assets – business and personal AUD$2,250,000 lawfully acquired and capable of being transferred to

Australia within 2 years

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

- For at least 1 of 5 fiscal years immediately before the application is made , applicant has direct management in qualifying business where applicant and/or spouse have:

• 10% ownership; or

• net value of at least AUD$1,500,000

- For at least 3 years applicant has directly managed 1or more qualifying

business or eligible investments; and High level of management skill in investment/business activity

- Has notified appropriate regional authority in state/territory regarding

applicant and business intentions in Australia

- Genuine business commitment to maintain business/investment activity

- Neither applicant or spouse has history of unacceptable business activities

- Age Under 45 years of age

- English Language - Vocational

- Understand obligations as the holder of subclass 162

- 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 4 years from entry expiry date

- Other Conditions Either 8502 or 8515 may be imposed