(regulation 1.03)
In this Schedule:
"degree" has the meaning given by subregulation 2.26AC(6).
"diploma" has the meaning given by subregulation 2.26AC(6).
"trade qualification" has the meaning given by subregulation 2.26AC (6).
Part 7A.2 -- Age qualifications
Item | At the time of invitation to apply for the visa, the applicant was ... | Number of points | ||
7A21 | not less than 18 and under 25 | 20 | ||
7A22 | not less than 25 and under 33 | 30 | ||
7A23 | not less than 33 and under 40 | 25 | ||
7A24 | not less than 40 and under 45 | 20 | ||
7A25 | not less than 45 and under 55 | 15 | ||
Part 7A.3 -- English language qualifications
Item | At the time of invitation to apply for the visa, the applicant had ... | Number of points | ||
7A31 | vocational English | 5 | ||
7A32 | proficient English | 10 | ||
Note: Points are accumulated under item 7A31 or 7A32, not both.
Part 7A.4 -- Educational qualifications
Item | At the time of invitation to apply for the visa, the applicant had ... | Number of points | ||
7A41 | met the requirements for: (a) the award of a trade qualification, diploma or bachelor degree by an Australian educational institution; or (b) the award of a bachelor qualification by an educational institution that is of a recognised standard | 5 | ||
7A42 | met the requirements for: (a) the award of a bachelor degree in business, science or technology by an Australian educational institution; or (b) the award of a bachelor qualification in business, science or technology by an educational institution that is of a recognised standard | 10 | ||
Note: Points are accumulated under item 7A41 or 7A42, not both.
Part 7A.5 -- Business experience qualifications--Business Innovation stream only
Item | The applicant has held one or more main businesses for ... | Number of points | ||
7A51 | not less than 4 years in the 5 years immediately before the time of invitation to apply for the visa | 10 | ||
7A52 | not less than 7 years in the 8 years immediately before the time of invitation to apply for the visa | 15 | ||
Note: Points are accumulated under item 7A51 or 7A52, not both.
Part 7A.6 -- Investor experience qualifications--Investor stream only
Item | The applicant ... | Number of points | ||
7A61 | (a) if the applicant was invited to apply for the visa before 1 July 2021--held eligible investments which had a value of not less than AUD100,000 for not less than 4 years immediately before the time of invitation; or (b) if the applicant was invited to apply for the visa on or after 1 July 2021--held eligible investments which had a value of not less than AUD250,000 for not less than 4 years immediately before the time of invitation | 10 | ||
7A62 | (a) if the applicant was invited to apply for the visa before 1 July 2021--held eligible investments which had a value of not less than AUD100,000 for not less than 7 years immediately before the time of invitation; or (b) if the applicant was invited to apply for the visa on or after 1 July 2021--held eligible investments which had a value of not less than AUD250,000 for not less than 7 years immediately before the time of invitation | 15 | ||
Note: Points are accumulated under item 7A61 or 7A62, not both.
Part 7A.7 -- Financial asset qualifications
Item | The net value of the business and personal assets of the applicant, the applicant's spouse or de facto partner, or the applicant and the applicant's spouse or de facto partner together, was ... | Number of points | ||
7A71 | (a) if the applicant was invited to apply for the visa before 1 July 2021--not less than AUD800,000 in each of the 2 fiscal years immediately before the time of invitation; or (b) if the applicant was invited to apply for the visa on or after 1 July 2021--not less than AUD1,250,000 in each of the 2 fiscal years immediately before the time of invitation | 5 | ||
7A72 | (a) if the applicant was invited to apply for the visa before 1 July 2021--not less than AUD1,300,000 in each of the 2 fiscal years immediately before the time of invitation; or (b) if the applicant was invited to apply for the visa on or after 1 July 2021--not less than AUD1,750,000 in each of the 2 fiscal years immediately before the time of invitation | 15 | ||
7A73 | (a) if the applicant was invited to apply for the visa before 1 July 2021--not less than AUD1,800,000 in each of the 2 fiscal years immediately before the time of invitation; or (b) if the applicant was invited to apply for the visa on or after 1 July 2021--not less than AUD2,250,000 in each of the 2 fiscal years immediately before the time of invitation | 25 | ||
7A74 | (a) if the applicant was invited to apply for the visa before 1 July 2021--not less than AUD2,250,000 in each of the 2 fiscal years immediately before the time of invitation; or (b) if the applicant was invited to apply for the visa on or after 1 July 2021--not less than AUD2,750,000 in each of the 2 fiscal years immediately before the time of invitation | 35 | ||
Note: Points are accumulated under one item in Part 7A.7, not more than one.
Part 7A.8 -- Business turnover qualifications
Item | The applicant had an ownership interest in one or more main businesses that had an annual turnover of ... | Number of points | ||
7A81 | (a) if the applicant was invited to apply for the visa before 1 July 2021--not less than AUD500,000 in at least 2 of the 4 fiscal years immediately before the time of invitation; or (b) if the applicant was invited to apply for the visa on or after 1 July 2021--not less than AUD750,000 in at least 2 of the 4 fiscal years immediately before the time of invitation | 5 | ||
7A82 | (a) if the applicant was invited to apply for the visa before 1 July 2021--not less than AUD1,000,000 in at least 2 of the 4 fiscal years immediately before the time of invitation; or (b) if the applicant was invited to apply for the visa on or after 1 July 2021--not less than AUD1,250,000 in at least 2 of the 4 fiscal years immediately before the time of invitation | 15 | ||
7A83 | (a) if the applicant was invited to apply for the visa before 1 July 2021--not less than AUD1,500,000 in at least 2 of the 4 fiscal years immediately before the time of invitation; or (b) if the applicant was invited to apply for the visa on or after 1 July 2021--not less than AUD1,750,0000 in at least 2 of the 4 fiscal years immediately before the time of invitation | 25 | ||
7A84 | (a) if the applicant was invited to apply for the visa before 1 July 2021--not less than AUD2,000,000 in at least 2 of the 4 fiscal years immediately before the time of invitation; or (b) if the applicant was invited to apply for the visa on or after 1 July 2021--not less than AUD2,250,000 in at least 2 of the 4 fiscal years immediately before the time of invitation | 35 | ||
Note: Points are accumulated under one item in Part 7A.8, not more than one.
Part 7A.9 -- Business innovation qualifications
Item | At the time of invitation to apply for the visa ... | Number of points |
7A91 | the applicant, or a main business of the applicant, had either or both of the following: (a) one or more patents that: (i) were registered not less than 1 year before that time; and (ii) were used in the day to day activities of the main business; (b) one or more registered designs that: (i) were registered not less than 1 year before that time; and (ii) were used in the day to day activities of the main business | 15 |
7A92 | the applicant, or a main business of the applicant, had one or more registered trade marks that: (a) were registered not less than 1 year before that time; and (b) were used in the day to day activities of the main business | 10 |
7A93 | each of the following applied: (a) at least one main business in which the applicant held an ownership interest operated in accordance with a formal joint venture agreement entered into with another business or businesses; (b) the joint venture agreement had been entered into not less than 1 year before the time of invitation to apply for the visa; (c) the applicant utilised his or her skills in actively participating at a senior level in the day to day management of the business | 5 |
7A94 | at least one main business held by the applicant derived not less than 50% of its annual turnover from export trade in at least 2 of the 4 fiscal years immediately before that time | 15 |
7A95 | the applicant had an ownership interest in at least one main business that: (a) was established not more than 5 years before that time; and (b) had an average annualised growth in turnover that was greater than 20% per annum over 3 continuous fiscal years; and (c) in at least one of the 3 fiscal years mentioned in paragraph (b) employed 10 or more employees for a total number of hours that was at least the total number of hours that would have been worked by 10 full - time employees | 10 |
7A96 | the applicant, or at least one main business in which the applicant held an ownership interest: (a) had received a grant that: (i) was awarded for the purposes of early phase start up of a business, product commercialisation, business development or business expansion; and (ii) was at least AUD10 000; and (iii) was awarded by a government body in the applicant's home country; and (iv) had been received not more than 4 years immediately before that time; or (b) had received venture capital funding of at least AUD100 000 not more than 4 years before the time of the invitation for the purposes of early phase start up of a business, product commercialisation, business development or business expansion | 10 |
Note: Points may be accumulated under more than one item in Part 7A.9, but points may not be accumulated more than once for each item in the Part.
Part 7A.10 -- Special endorsement qualifications
Item | At the time of the invitation to apply for the visa ... | Number of points | ||
7A101 | the nominating State or Territory government agency had determined that the business proposed by the applicant was of unique and important benefit to the State or Territory where the nominating government agency is located | 10 | ||