You must:

·         be under 55 years of age, although a state or territory can waive this requirement if your proposed investment will be of exceptional economic benefit to the nominating state or territory

·         score at least 65 on the points test. Please see the Points test tab on this webpage for further information.

·         have a high level of management skill in relation to the eligible investment or qualifying business activity

·         have at least three years’ experience of direct involvement in managing one or more qualifying businesses or eligible investments

·         have an overall successful record of eligible investment or qualifying business activity

·         have a genuine and realistic commitment to continuing your business and investment activity in Australia after the original investment has matured

·         have a genuine intention to live for at least two years in the state or territory in which you have made a designated investment.

You, your partner, or you and your partner combined must:

·         for at least one of the five fiscal years immediately before you are invited to apply, have directly managed one of the following:

o    a qualifying business in which you, your partner or you and your partner combined had at least 10 per cent ownership interest, or

o    eligible investments owned by you, your partner or you and your partner combined of at least AUD1.5million.

·         during the two fiscal years immediately before you are invited to apply, have legally acquired net business, investment and personal assets of at least AUD2.25 million that are available for legal transfer to Australia within two years of the visa being granted

·         make a designated investment of at least AUD1.5 million in a state or territory government security using unencumbered funds accumulated from qualifying businesses or eligible investments and be prepared to hold that investment for at least four years from date of issue in your nominating state or territory

·         have had no involvement in unacceptable activities.

Income that you earn from your designated investment in Australia is subject to tax under Australian taxation law.

 

To meet the South Australian nomination requirements you must:

• Meet DIBP 188 investment stream criteria
• Intend to live in South Australia
• Intend to invest AUD$1,500,000* into South Australian Government Financing Authority (SAFA) bonds for four years
• Agree to register your arrival in South Australia with Immigration SA and maintain current contact details for the duration of your visa.

*Applicants over 55 years must invest AUD$5,000,000 into SAFA for four years.

 

888b

if you are applying for this visa in the Investor stream, you must have been in Australia and held your provisional visa in the Investor stream for at least two of the four years immediately before you apply.

In addition, you (or you and your partner combined) must have held a designated investment with an Australian state or territory for at least four years.

If you applied for your provisional visa (subclass 188) in the Investor stream prior to 1 July 2015, you are eligible to apply for a subclass 888 visa after holding your provisional visa for 3 years and 11 months. If you applied for your provisional visa after 1 July 2015, you are required to hold your provisional visa for at least 4 years prior to applying for a subclass 888 visa.

 

To meet the South Australian nomination requirements you must:

• Hold a provisional investor visa nominated by South Australia or a completed release form
• Meet DIBP 888 investor stream criteria
• Resided in South Australia for a minimum of two years.
• Invested at least AUD $1.5 million in South Australia Government Financing Authority (SAFA) bonds for four years (AUD $5 million for applicants who were more than 55 years old when they applied for their provisional visa).
• Provide a plan for investing the AUD$1.5 million in business or investments in South Australia post bond maturation.

 

Factor	Description	Points
Age	18-24 25-32 33-39 40-44 45-54	20 30 25 20 15
English Language	Vocational or higher Proficient or higher	5 10
Qualifications	Australian trade certificate, Diploma or Bachelor degree by an Australian education institute; or a Bachelor degree recognised by the Minister   Bachelor degree in business, science or technology by an Australian institution; or a bachelor qualification by an education institution of a recognised standard	5       10
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
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 000	5
	AUD1.3 million	15
	AUD1.8 million	25
	AUD2.25 million	35
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 000	5
	AUD1 million	15
	AUD1.5 million	25
	AUD2 million	35
Business Innovation stream only 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 years Not less than seven years within the preceding eight years	10 15
Investor stream only Investor experience	Eligible investment of at least AUD100 000 held for: At least four years before the time of invitation to apply for the visa At least seven years before the time of invitation to apply for the visa	10 15
Business innovation qualifications   At the time of invitation to apply for the visa:	Evidence of registered patents or registered designs Evidence of registered trademarks Evidence of formal joint venture agreements Evidence of export trade Evidence of ownership interest in a gazelle business Evidence of receipt of grants or venture capital funding	10 15 15 10 5
State or territory nomination	Special endorsement (limited places)	10