Applicants for the Provisional Subclass 188 Visas will need to meet the pass mark of 65 in the Innovation Points Test.

AGE:

Points will be available depending on which age bracket the applicant falls within. Once the applicant is 55, no points will be available for age and state or territory governments must apply for a waiver of the age limit for people aged over 55.

Factors Description Points



Age
18–24 years20
25–32 years30
33–39 years25
40–44 years20
45–54 years15
55 and older0

ENGLISH LANGUAGE ABILITY:

There is no minimum English language requirement for the new business immigration subclasses. However, applicants with less than functional English will need to pay an English Language Charge before receiving their visas.

  • Vocational English: 5 minimum in each of the 4 components of IELTS
  • Proficient English: 7 minimum in each of the 4 components of IELTS

English Language Ability Vocational English05
Proficient English10

QUALIFICATIONS:

People with trade qualifications, diplomas or bachelor degrees and qualification in business, science and technology will receive points. Qualification must either be awarded by an Australian Institution or recognized overseas Institution.



Qualifications
Australian trade certificate, diploma or bachelor degree by an Australian education institute; or

a bachelor qualification recognised by an education institution of a recognized standard
05
Bachelor degree in business, science or technology by an Australian institution; or a bachelor qualification by an education institution of a recognized standard10

SPECIAL ENDORSEMENT BY STATE/TERRITORY GOVERNMENT:

State and Territory Governments can support applicants by indicating that their proposed business is of unique and important benefit to the state or territory.

Special Endorsement The nominating state or territory government agency could decide that your proposed business is of unique and important benefit to the state or territory where the nominating government agency is located 10

NET PERSONAL ASSETS:

Points will be awarded for net personal assets held for the last 2 financial years:




Financial Assets
Net business and personal assets of you, your partner or you and your partner combined in each of the preceding two years of at least: 
AUD800 0005
AUD1.3 million15
AUD1.8 million25
AUD2.25 million35

BUSINESS TURNOVER:

Points will be awarded for turnover in a business owned by the applicant. The turnover threshold must be net for 2 years in the last 4 years prior to application:





Business Turnover
Annual turnover in your main business during a period of at least two years of the preceding four fiscal years of at least: 
AUD500 0005
AUD1 million15
AUD1.5 million25
AUD2 million35

EXPERIENCE IN BUSINESS OR INVESTMENT:

Points will be awarded for experience relevant to the stream being applied for; work experience as a business owner is considered relevant.


Business Experience
You have held one or more businesses before you were invited to apply for the visa for: 
Not less than four years within the preceding five years10
Not less than seven years within the preceding eight years15

INNOVATION:

Points can be awarded in a number of factors, for instance;

  • Registered patents or designs
  • Registered trademarks
  • Joint ventures
  • Export Trade: Where the business has at least 50% of its turnover in experts
  • Gazelle Business: Where the business has had 20% annualized growth for the last 3 financial years
  • Grants or Venture Capital Funding: Government grants of at least AUD 10,000 or Venture capital funding of at least AUD 100,000 will give eligibility for points


Business Innovation Qualifications

At the time of invitation to apply for the visa:
Evidence of registered patents or registered designs15
Evidence of registered trademarks10
Evidence of formal joint venture agreements5
Evidence of export trade15
Evidence of ownership interest in a gazelle business10
Evidence of receipt of grants or venture capital funding10

SPECIAL OR TERRITORY NOMINATION:

State or Territory NominationSpecial endorsement (limited places)10
For more information on business migration please contact us.
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