| Criteria |
|
| Business Background
|
Overall successful business activity
|
| Net Assets - Business
|
For at least 2 of the 4 fiscal years
before making an application AUD $400,000 |
| Ownership Interest
|
For at least 2 of the 4 fiscal years
before making an application 10% of the total issued capital of
the company |
| Annual turnover -
business |
For at least 2 out of the last 4 fiscal
years applicant’s main business/es had an annual turnover of at
least AUD$3,000,000 |
| Net assets - Business
and Personal |
Applicant and/or spouse have sufficient
net assets lawfully acquired and available for transfer to Australia
of at least AUD$1,500,000 |
| State/Territory Government
|
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 |
| Nil unacceptable
business activity |
Neither applicant or spouse has history
of unacceptable business activities |
| Need to be in Australia
|
Demonstrates need to be in Australia
to conduct or establish business activity in Australia |
| Age |
Under 55 years of age |
| English |
Vocational English |
