Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

MIGRATION REGULATIONS 1994 - SCHEDULE 7A

Business innovation and investment points test--attributes and points (Business Skills (Provisional) (Class EB) visas)

(regulation   1.03)

Part   7A.1 -- Definitions

    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



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback