Significant Business History stream
You, your partner, or you and your partner combined must have all of the following:
- total net assets of at least AUD400 000 as the ownership interest in one or more qualifying businesses for least two of the four fiscal years immediately before you are invited to apply and if the qualifying business(es) was a publicly listed company, a shareholding of at least 10 per cent of the total issued capital
- net business and personal assets of at least AUD1.5 million that are legally acquired and can be transferred to Australia within two years after the visa is granted
- a total annual turnover of at least AUD3 million in one or more of your main businesses in at least two of the four fiscal years immediately before you are invited to apply
- ownership of at least:
- 51 per cent of a business with turnover of less than AUD400 000 per year
- 30 per cent of a business with turnover of more than AUD400 000 per year, or
- 10 per cent of a publicly listed company
- an overall successful business career
- no involvement in unacceptable business activities
a genuine desire to own and maintain a management role in a business in Australia.
You must also be younger than 55 years of age, although a state or territory can waive this requirement if your proposed business will be of exceptional economic benefit to the region where it will operate.
After entering Australia, you must:
- establish a qualifying business in Australia, or
- participate in an existing qualifying business in Australia.
In the business, you must:
- maintain substantial ownership
- maintain direct and continuous involvement in the day-to-day management of the business
- make decisions that affect the overall direction and performance of the business in a way that benefits the Australian economy.
After becoming involved in business in Australia, you will be asked to complete:
- Form 1010 Survey of Business Skills visa holders (160 kB PDF).
To meet the South Australian nomination requirements you must:
- Meet DIBP 132 SBH stream criteria.
- Intend to live in South Australia
- Commit to invest in South Australia and meet the benefit to state requirement.
- Provide information to Immigration SA to enable a two year review after visa grant. The information must detail the type of business being conducted, scale of the business and which of the following Benefit to State requirements you have met.
- Agree to register your arrival in South Australia with Immigration SA and maintain current contact details for the duration of your visa.
The following Benefit to State requirements vary depending on your age, business type and location.
Benefit to State requirements under 55 years of age
You must commit to meeting at least one of the following requirements through your business in South Australia within the first two years of holding the visa:
- Employ four full-time employees for a minimum of 12 months within 24 months of the 132 visa grant date. They must be Australian citizens, New Zealand passport holders, or permanent residents for the full 12-month period.
- Export AUD $600,000 of South Australian products or services (turnover value).
- Invest AUD $1,500,000 into a South Australian business(es) (AUD $1,500,000 for property developer
Exceptional Benefit to State requirements over 55 years of age
You must commit to meeting at least one of the following requirements through your business in South Australia within the first two years of holding the visa:
- Employ eight full-time employees– for a minimum of 12 months within 24 months of the 132 visa grant date. They must be Australian citizens, New Zealand passport holders, or permanent residents for the full 12-month period.
- Export AUD $1,200,000 of South Australian products or services (turnover value).
- Invest AUD $6,000,000 into a South Australian business (AUD $2,000,000 for property developers).
Regional Concessions – Benefit to State requirements
To encourage investment outside of the capital city of Adelaide, the benefit to state requirements for State nomination are lower for country regional areas outside of greater Adelaide.
Benefit to State requirements under 55 years of age (Regional)
You must commit to meeting at least one of the following requirements through your business in regional South Australia within the first two years of holding the visa:
- Employ three full-time employees– for a minimum of 12 months within 24 months of the 132 visa grant date. They must be Australian citizens, New Zealand passport holders, or permanent residents for the full 12-month period
- Export AUD $500,000 of South Australian products or services (turnover value)
- Invest AUD $1,000,000 into a South Australian business (AUD $1,500,000 for property developers).
Exceptional Benefit to State requirements over 55 years of age (Regional)
You must commit to meeting at least one of the following requirements through your business in regional South Australia within the first two years of holding the visa:
- Employ six full-time employees– for a minimum of 12 months within 24 months of the 132 visa grant date. They must be Australian citizens, New Zealand passport holders, or permanent residents for the full 12-month period
- Export AUD $1,200,000 of South Australian products or services (turnover value)
- Invest AUD $4,500,000 into a South Australian business (AUD $2,000,000 for property developers).