| Criteria |
Business Owner
(Provisional) Subclass 160 |
State/Territory Sponsored Business
Owner (Provisional) Subclass 163 |
| Business Background
|
Overall successful business career
|
Overall successful business career
|
| Net Assets - business
|
AUD$200,000 |
Nil requirement |
| Net Assets - business
and personal |
AUD$500,000 lawfully acquired and capable
of being transferred to Australia
within 2 years |
AUD$250,000 lawfully acquired and capable
of being transferred to Australia
within 2 years |
| Annual Turnover -
business |
For at least 2 out of the last 4 fiscal
years applicants main business’s overseas have annual turnover of
at least AUD$500,000 |
For at least 2 out of the last 4 fiscal
years applicants main business’s overseas have annual turnover of
at least AUD$500,000 |
| Net assets - settlement
|
Applicant and/or spouse have sufficient
net assets to settle in Australia |
Applicant and/or spouse have sufficient
net assets to settle in Australia as determined by sponsoring appropriate
regional authority |
| Shareholding |
If publicly listed company applicant
and/or spouse hold at least 10% |
Nil requirement |
| Role in overseas
business |
For at least 2 out of 4 fiscal years
immediately before application is made, applicant has spent at least
50% of time in management role in business that provides professional,
technical or trade services |
For at least 2 out of 4 fiscal years
immediately before application is made, applicant has spent at least
50% of time in management role in business that provides professional,
technical or trade services |
| State/Territory Government
|
Has notified appropriate regional authority
in state/territory regarding applicant and business intentions in
Australia |
Sponsorship by appropriate regional
authority required |
| State/Territory Government
|
Has notified appropriate regional authority
in state/territory regarding applicant and business intentions in
Australia |
Sponsorship by appropriate regional
authority required |
| State/Territory Government
|
Has notified appropriate regional authority
in state/territory regarding applicant and business intentions in
Australia |
Sponsorship by appropriate regional
authority required |
| Genuine business
commitment |
To establish or participate in active
management of qualifying business in Australia and maintain substantial
ownership interest |
To establish or participate in active
management of qualifying business in Aust and maintain substantial
ownership interest |
| Nil unacceptable
business activity |
Neither applicant or spouse has history
of unacceptable business activities |
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 |
Demonstrates need to be in Australia
to conduct or establish business activity in Australia |
| Age |
Under 45 years of age |
Under 55 years of age unless business
is endorsed by sponsoring state/territory government as being of
exceptional economic benefit |
| English |
Vocational English |
Nil requirement |
