We’d like your feedback on the points test for the Business Innovation and Investment Programme.
The Business Innovation and Investment Programme (BIIP) was created in 2012 to attract high quality investors and entrepreneurs to Australia. It includes the Investor visa, the Business Innovation visa, and the Significant Investor visa, and the newly introduced Premium Investor visa (PIV).
The Department previously announced that the pass mark for the points test for the Business Innovation and Investment streams within the BIIP would be reduced from 65 points to 50 from 1 July 2015. This change has now been postponed pending further consultation.
The Federal Parliament’s Joint Standing Committee on Migration recently completed an Inquiry into the BIIP. In its report, it recommended that the Department undertake further examination of the points test. In light of this recommendation, the Department is undertaking further analysis and consideration of the appropriateness of the current points test threshold.
The Department will also examine the effect of other changes to the application rate for the BIIP, including reforms to the Significant Investor stream, and the reinstatement of role swapping for the Investor and Business Innovation streams, which came into effect on 1 July 2015.
Updated information on the BIIP, including the new PIV, is available on the Department’s new website. If you have feedback in relation to the points test component or other elements of the programme, we would welcome your feedback in the comments below.