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Changes to Business Skills visas effective 19 April 2010

On 19 April 2010, the following changes to the Business Skills MigrationProgram come into effect:

  • increased minimum net business and personal assets required (visa subclasses 160, 161, 163, 164)
  • increased business ownership share required (visa subclasses 132, 160, 163, 890, 892, 845, 846)
  • removal of the senior manager option of the subclass 163 visa

Changes to the Business SkillsMigration Program

On 19 April 2010, the following changes to minimum eligibility requirements forthe Business Skills Migration Program came into effect. The changes aim toincrease the potential contribution of business migrants to Australia’seconomy, create more jobs for Australians and improve visa integrity. State andTerritory governments sponsoring the majority of applications were consulted,and their comments were carefully considered. These changes will be applied tonew applications lodged on or after 19 April 2010.

Eligibility requirements for entry to Australia increased

Increased net assets

The minimum netbusiness and personal assets required for the following sponsored provisionalBusiness Skills visas have been increased from AUD250 000 to AUD500 000 inresponse to increases in the cost of living and business establishment costs:

State/Territory Sponsored Business Owner (Provisional) (Subclass 163) visa
State/Territory Sponsored Senior Executive (Provisional) (Subclass 164) visa


The minimum net business and personal assets required for the followingprovisional Business Skills visas have been increased from
AUD500 000 to AUD800 000 in response toincreases in the cost of living and business establishment costs:

Business Owner (Provisional) (Subclass 160) visa
Senior Executive (Provisional) (Subclass 161) visa


Increased business ownership

Business migrants will now be required to own a substantial or controllinginterest in a business to meet visa requirements. The minimum business ownershippercentage required has been increased from 10 per cent to:

51 per cent wherethe business turnover is less than AUD400 000
30 per cent wherethe business turnover is AUD400 000 or more or
10 per centwhere the business is a publicly listed company.


This amendment applies to all business owner visas (subclasses 132, 160, 163,890, 892, 845, 846) and applies to the definition of ‘main business’ atMigration Regulation 1.11.

A transitional provision will be available for onshore visa applicants who havepurchased a business in Australia prior to the change and are applying for apermanent onshore business owner visa (subclasses 890, 892, 845, 846).


Senior manager option removed from theSubclass 163 visa

Applicants who are employed as senior managers of a business can no longerapply for a State/Territory Sponsored Business Owner (Provisional) (Subclass163) visa. The visa option has been removed in response to a high incidence offraud and integrity issues identified with this cohort. Only business ownersare now eligible for this visa.

Other visa options may be available to skilled senior managers of overseasbusinesses. Senior executives of a major business may be eligible for aprovisional senior executive visa (subclasses 161 and 164). Skilled managerswho gain sponsorship from an Australian employer may be eligible for anemployer sponsored visa depending on factors such as age, qualifications,experience and English language skill.

More information on Business Skills visas is available from the department’swebsite.
See: http://www.immi.gov.au/skilled/business/

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