As the owner or part-owner of eligible investment(s) or qualifying business(es), applicants in this visa category need to show: they have a record of successful business and/or investment;
They have a total of three years experience in actively managing a business and/or investment;
In any one of the past five fiscal years, they had maintained direct and continuous involvement in the management of their qualifying business and/or investment, AND they (and spouse together) must have had:
At least 10% ownership interest in a qualifying business, or
At least A$ 1.125 million in an eligible investment;
For the two fiscal years immediately before the application, the applicant (and spouse together) must have net assets worth at least 50% more than the capital they plan to invest in a designated investment in Australia (i.e. A$ 1.5 million);
They have not been involved in business and/or investment activities which are not acceptable in Australia;
They have a realistic commitment to continue to maintain business or investment activity in Australia after the designated investment has matured;"
Short Explanations
Major Business
A "major business" is a business which has an annual turnover of at least A$50 million in two of the last four fiscal years. For those applicants sponsored by a State/Territory Government, the annual turnover requirement is reduced to A$10 million.
A "major business" does not normally include certain state-owned government enterprises. However, if this enterprise is committed to competition in the international market and operates on principles and policies similar to non-government major businesses (e.g. airlines, international banking, telecommunications companies, etc.) and its administration is rarely controlled by the government, then these types of government enterprises may also qualify as a "major business" for this visa category.
"Qualifying Business"
A business in the home country which is operating and was not set up primarily for passive or speculative purposes.
"Eligible Business"
A business in the home country that is owned, part-owned and actively managed by the applicant. This can include one or more of the following:
ownership of business(es),
loans to business(es),
cash on deposit,
Stocks and bonds,
real estate (excluding personal residence),
gold and silver bullion
"Designated Investment"
An investment in Australia, gazetted as appropriate for this visa category. Currently, these conditions are as follows:
A Treasury Bond offered by certain States and Territories of Australia, for minimum four years;
funds used to finance these investments must be personally owned by the applicant;
amounts of investment must be A$750,000, A$ 1.125 million, A$ 1.5 million.
When and how to make a Designated Investment:
Your Licenced Migration Consultant at EASYMIGRATE CONSULTANCY SERVICES will be able to provide full assistance regarding all matters pertaining to this visa category. Please use Options (2), (3) or (4) to appoint a personal Consultant and received full advice.
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