This blog post is part of a series of three on our role in supporting the Australian Government’s National Innovation and Science Agenda.
We’d like your feedback on the points test for the Business Innovation and Investment Programme.
New identity requirements were introduced for Public Interest Criterion (PIC) 4020 from 22 March 2014.
On 5 November 2011 powers were introduced to reduce fraud in all Business Skills visas at both the temporary and permanent stages. This power is called the fraud Public Interest Criterion 4020 (PIC 4020).
The Business Talent (subclass 132) visa is part of the Business Skills program and is for applicants who can demonstrate they have owned and operated significantly larger businesses than their temporary visa counterparts, and have higher personal and business assets.
The Department of Immigration and Citizenship is conducting a comprehensive review of the Business Skills visa program to determine whether the program is meeting its intended objectives and what role the program should play in building Australia’s economy.
The current Business Skills visa program was introduced in March 2003 and aims to attract skilled and experienced business owners, senior executives and investors to migrate to Australia to enter into business or investment activity.