(Provisional)
Subclass 163
**
Overall successful business career
**
Net assets – business and personal AUD$250,000 lawfully acquired and capable of
being transferred to
**
Applicant and/or spouse have sufficient net assets to settle in
as determined by sponsoring appropriate
regional authority (approx an additional $50,000)
**
Shareholding Nil requirement
**
For at least 2 out of last 4 fiscal years applicant’s main business/es
overseas
have annual turnover of at least AUD$300,000
(OR either
having 3 years of formal training, or five years on the job experience and 3
years relevant employment. Also they must have 3 of the last 5 years in a day
to day management role in a business)
**
Role in overseas business 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(** Sponsorship by appropriate regional authority
required
**
Genuine business commitment to establish or participate in active management of
qualifying business in
**
Neither applicant or spouse has history of unacceptable
business activities
**
Demonstrates need to be in
activity in
**
Under 55 years of age unless business is endorsed by sponsoring
state/territory government as being
of exceptional economic benefit
**
English language ** Nil requirement
**
Understand obligations as the holder of subclass 163
**
Where applicant must be at time of decision
Outside
In
**
Visa validity 4 years from entry expiry date
**
Other Conditions Either 8502 or 8515 may be imposed