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Age Qualifications

not less than 18 and under 25 not less than 25 and under 33 not less than 33 and under 40 not less than 40 and under 45 not less than 45 and under 55

Should your age be 56 years and above, you might still be eligible for this visa if your age is waived by nominating state government authority.

English language qualifications

competent English vocational English proficient English

English exemption available** conditions apply.

Educational qualifications

Had met the requirements for:

• the award of a trade qualification, diploma or bachelor degree by an Australian educational institution; or
• the award of a bachelor qualification by an educational institution that is of a recognised standard

met the requirements for:

• the award of a bachelor degree in business, science or technology by an Australian educational institution; or
• the award of a bachelor qualification in business, science or technology by an educational institution that is of a recognised standard

Financial assets

The net value of the business and personal assets of the applicant, the applicant’s spouse or de facto partner or the applicant and his or her spouse or de facto partner together, was ...

Not less than AUD1,250,000 Not less than AUD1,750,000 Not less than AUD2,250,000 Not less than AUD2,750,000

Business turnover qualifications

You had an ownership interest in one or more main businesses that had an annual turnover in at least 2 of the 4 fiscal years immediately before the time of invitation to apply for the visa:

Not less than AUD750,000 Not less than AUD1,250,000 Not less than AUD1,750 000 Not less than AUD2,250,000

Business innovation qualifications

the applicant, or a main business of the applicant, had either or both of the following:

• one or more patents that:
  • were registered not less than 1 year before that time; and
  • were used in the day to day activities of the main business;
• one or more registered designs that:
  • were registered not less than 1 year before that time; and
  • were used in the day to day activities of the main business

the applicant, or a main business of the applicant, had one or more registered trade marks that:

• were registered not less than 1 year before that time; and
• were used in the day to day activities of the main business

each of the following applied:

• 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;
• the joint venture agreement had been entered into not less than 1 year before the time of invitation to apply for the visa;
• the applicant utilised his or her skills in actively participating at a senior level in the day to day management of the business

the applicant had an ownership interest in at least one main business that:

• was established not more than 5 years before that time; and
• had an average annualised growth in turnover that was greater than 20% per annum over 3 continuous fiscal years; and
• 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

the applicant, or at least one main business in which the applicant held an ownership interest:

• had received a grant that:
  • was awarded for the purposes of early phase start up of a business, product commercialisation, business development or business expansion; and
  • was at least AUD10 000; and
  • was awarded by a government body in the applicant’s home country; and
  • had been received not more than 4 years immediately before that time; or
• 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

Special endorsement qualifications