| Criteria |
Senior Executive
(Provisional) Subclass 161 |
State/Territory Senior Executive
(Provisional) Subclass 164 |
| 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 |
| 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 |
| Role in overseas
business/ Investment activity |
For at least 2 of 4 years immediately
before the application is made, applicant has occupied position
in 3 of the highest management levels and responsible for strategic
policy development in major business AUD$50 million turnover |
For at least 2 of 4 years immediately
before the application is made, applicant has occupied position
in 3 of the highest management levels and responsible for strategic
policy development in major business AUD$10 million turnover |
| 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 Australia and maintain substantial
ownership interest |
| Business Background
|
Overall successful business activity
|
Overall successful business activity
|
| Nil unacceptable
business activity |
Neither applicant or spouse has history
of unacceptable business activities |
Neither applicant or spouse has history
of unacceptable business activities |
| 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 |
