Business skills: 132 visa closing 1 July 2021; Innovation visa to require at least $1.2 million net assets and $750,000 annual turnover; SIV shake-up coming?

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Business skills: 132 visa closing 1 July 2021; Innovation visa to require at least $1.2 million net assets and $750,000 annual turnover; SIV shake-up coming?

Major changes to Australia’s Business Innovation and Investment program (BIIP) will see the Subclass 132 – Business Talent visa closed to new applicants, visa extensions streams grants reduced, and minimum thresholds for a 188 visa under the Business Innovation stream increase with net assets of at least $1.2 million and business annual turnover of at least $750,000 from 1 July 2021.

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COVID-19: Family visas to receive concessions for visa grants in Australia from early 2021

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COVID-19: Family visas to receive concessions for visa grants in Australia from early 2021

COVID-19 concessions will apply to several family visas from early 2021, many of which are likely to be Subclass 309 – Partner visa applicants, to allow visas to be granted to applicants without the need for them to leave Australia.

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COVID-19 concessions for 186 and 187 TRT nominations and high-income workers

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COVID-19 concessions for 186 and 187 TRT nominations and high-income workers

Two important instruments were amended to account for shutdown periods and leave caused by the coronavirus pandemic to not disadvantage sponsored workers who would otherwise be eligible to apply for a Subclass 186 – Employer Nomination Scheme visa or Subclass 187 – Regional Sponsored Migration Scheme visas under the Temporary Residence Transition stream.

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