An individual must score at least 65 points (the pass mark) in the points test to be eligible to apply for a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation Stream or the Investor Stream
The points test does not apply to the individual if they are applying in the Significant Investor Stream, the Premium Investor Stream, the Entrepreneur Stream, the Business Innovation Extension Stream, or Significant Investor Extension Stream.
The test gives points for various elements of human capital and business innovation and includes objective measures of business performance.
Points are awarded for:
- Age
- English language ability
- Qualifications
- Experience in business or investment
- Net personal and business assets
- Business turnover
- Innovation.
Points are awarded on the basis of the factors listed in the following table. All factors are assessed as at the time they are invited to apply for this visa, unless otherwise noted.
| Factor | Description | Points |
|---|---|---|
| Age | 18–24 years | 20 |
| 25–32 years | 30 | |
| 33–39 years | 25 | |
| 40–44 years | 20 | |
| 45–54 years | 15 | |
| 55 and older | 0 | |
| English language ability | Vocational English | 5 |
| Proficient English | 10 | |
| Qualifications | Australian trade certificate, diploma or bachelor degree by an Australian education institute; or
a bachelor qualification recognised by an education institution of a recognised standard |
5 |
| Bachelor degree in business, science or technology by an Australian institution; or a bachelor qualification by an education institution of a recognised standard | 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 | 10 | |
| Not less than seven years within the preceding eight years | 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 | 10 | |
| At least seven years before the time of invitation to apply for the visa | 15 | |
| Business innovation qualifications
At the time of invitation to apply for the visa: |
Evidence of registered patents or registered designs | 15 |
| Evidence of registered trademarks | 10 | |
| Evidence of formal joint venture agreements | 5 | |
| Evidence of export trade | 15 | |
| Evidence of ownership interest in a gazelle business | 10 | |
| Evidence of receipt of grants or venture capital funding | 10 | |
| State or territory nomination | Special endorsement (limited places) | 10 |
For more information and eligibility requirement please Contact us or complete the Assessment Form and email us.