Australia Significant Business History Stream (Subclass 132)

Eligibility

You must be genuinely committed to:

Stay in the nominated state or territory
Maintain your business and investment activity in Australia even after the validity of your provisional visa is expired
You, your partner or both have net assets of at least AUD5 million that are acquired legally and available for use to make the complying investment in Australia
You must not have been associated or involved in deplorable business or investment activities
You and all the dependent members of your family unit (above years 18 age) must provide assurance of not plunging into any action against the Commonwealth in case any loss happens concerning to the complying investment
All the income earned from the complying investment in Australia must be subjected to tax under Australian taxation law
Your complying investment or a complying significant investment must be of at least AUD 5 million over four years
Your complying significant investment should be in the following proportions:
- At least AUD500, 000 in venture capital and growth private equity funds, which make investment in start-ups and small private companies
- At least AUD1.5 million in approved managed funds that invest in emerging companies listed on the Australian Stock Exchange
- At least AUD3 million in managed funds that invest in a range of assets including ASX listed companies or Australian corporate bonds, commercial real estate and annuities

Note: Investment must not be used as security or collateral for a loan. Also, there should not be direct investment in residential real estate and the indirect investment through managed funds in the same should be in a limited amount.

Extending the Stay

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You can extend your stay for another two years under the significant investor stream. You can also apply for the extension stream twice and get the highest eight years of validity on your provisional visa.

To apply and be eligible for extension stream, you must:

Hold a visa in the significant investor stream for at least 3 years or Not have held more than one visa in the significant investor stream
Be nominated by a state or territory agency
Be genuinely intended to live in the nominated state or territory
Have maintained the complying investment or complying significant investment consistently in compliance with the investment framework
You and all the dependant family members (aged 18 years or above) must sign Form 1412 that acknowledges of undertaking responsibility for financial and legal affairs and not incur any liability to the Australian government
You must also ensure that the company was operating a qualifying business for the entire duration in case the period of direct involvement was less than 2 years. If that period is more than 2 years, you must ensure that the company possessed a qualifying business for at least 2 years.

States / Territories

AU-WA

Fees: $750

Processing Time: Relatively quick

Preferred Industries:

Commit a significant amount of new capital investment;
Generate skilled employment or a large number of new jobs;
Develop export markets or replace imports;
Introduce new skills, expertise, technologies or innovations;
Locate the business activity in a regional area; and
Have a significant flow on effect to other sectors of the economy

Restricted Industries:

Residential estate
Labour Hire
Purchasing of existing
business or franchise

AU-NT

Fees: No Fees

Processing Time: Relatively quick