AUSTRALIA - BUSINESS MIGRATION
1. SENIOR EXECUTIVE
2. SENIOR EXECUTIVE (State/Territory Sponsored)

Key Requirements

As a senior executive, applicants need to show:

• They have a successful business career;
• They have been employed in the top three management levels of a "major overseas business" in two of the past four years and have been responsible for strategic policy development for a major component or a wide range of operations;
• They have not been involved in business or investment activities which are not acceptable in Australia;
• They have a realistic commitment to participate in Australia, as a substantial owner, in the management of a new or existing business which will be of benefit to Australia;
• For State/Territory sponsored Senior Executive, they must have registered their intention with a State/Territory business development Agency;
• For State/Territory sponsored Senior Executive, the minimum annual turnover requirements are greatly reduced.

Major Overseas Business

A "major overseas 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.