New Queensland Business Criteria for the Business, Innovation and Investment Program (BIIP) and a new Queensland Skilled Occupation List (QSOL)

25/7/16

These changes will come into effect from Monday 25 July 2016. From Monday 25 July 2016, BSMQ will commence processing Expressions of Interest under the newly approved business criteria & QSOL list.

The headline changes include:

SUBCLASS 132 BUSINESS TALENT (SIGNIFICANT BUSINESS HISTORY STREAM)

Net Business and Personal Assets of AUD$1.5 million to be transferred to Queensland within 2 years after visa is granted including:

• minimum AUD$1million investment in a business
• minimum AUD$500,000 settlement costs
• must reside in Queensland.

SUBCLASS 188 BUSINESS INNOVATION AND INVESTMENT

1. Innovation Stream:Net Business and Personal Assets of AUD$800,000 to be transferred to Queensland within 2 years after visa is granted including:
   • minimum AUD$200,000 investment in a business
   • must reside in Queensland
2. Investor stream:
   • Existing criteria remains the same
   • must reside in Queensland
3. Significant Investor Stream (SIV):
   • current Austrade Complying Investment Framework
   • commitment to Queensland.

More information available on the website at:

http://migration.qld.gov.au/