Migration Amendment (Entrepreneur Visas and Other Measures) Regulation 2016, creates these new streams within the Business Innovation and Investment visa class, to provide a pathway to permanent residence for:

  • high calibre entrepreneurs with financial backing from third parties in Australia,
  • who are nominated by a State or Territory government, and
  • who meet residence requirements, and
  • complete successful entrepreneurial activities in Australia

A link to the new regulations is at: Migration Regulation – F2016L01391