Business Innovation and Investment (Permanent) visa (subclass 888) – Significant Investor stream

DATE NOMINATED

CORE NOMINATION CRITERIA

1 July 2021 – 30 June 2023

• $5 million in Complying investment:

• $1 million (20%) in Victorian Venture Capital and Private Growth Equity Funds investing in start-up and small private companies. This must be invested in eligible Victorian Venture Capital funds, and

• $1.5 million (30%) in eligible managed funds or Listed Investment Companies (LICs) that invest in emerging companies, and

• $2.5 million in balancing investment in managed funds or LICs that invest in eligible assets, including Australian listed securities, eligible corporate bonds or notes, annuities and real property.

• Commit to live in Victoria. Applicant and family cannot live in other states or territories.

1 November 2020 – 30 June 2021

• $5 million in Complying investment:

• $500,000 (10%) in Venture Capital and Growth Private Equity funds which actively sourced investments in Victoria or the VCPE fund provider maintained an office in Victoria, and

• $1.5 million (30%) in emerging companies with Victorian investment included in the chosen investments or the managed fund provider maintained an office in Victoria, and

• $3 million (60%) in balancing investment with Victorian investment included in the chosen investments or the managed fund provider maintained an office in Victoria.

• Commit to live in Victoria. Applicant and family cannot live in other states or territories.

1 July 2015 – 31 October 2020

• $5 million in Complying investment:

• $500,000 (10%) in Venture Capital and Growth Private Equity funds which actively sourced investments in Victoria or the VCPE fund provider maintained an office in Victoria, and

• $1.5 million (30%) in emerging companies with Victorian investment included in the chosen investments or the managed fund provider maintained an office in Victoria, and

• $3 million (60%) in balancing investment with Victorian investment included in the chosen investments or the managed fund provider maintained an office in Victoria.

• Residence requirement: At least 50% of time spent in Victoria (while in Australia).

Earlier than 1 July 2015

• $5 million in Complying investment:

• $5 million (minimum of $1.5 million) in TCV bonds over four years, or

• $5 million (minimum $1.5 million) in a Victorian based complying private company, or

• $5 million into a complying managed fund with Victorian investment included in the fund’s chosen investments.