Previous nomination requirements

• Age <55
• Functional English or,
  
  have documentation showing that you have completed any English course funded by the Department of Home Affairs AMEP, or
  
  Can evidence that you meet the requirement for a High Performing Victorian Business
• 65 points minimum
• Business requirements
  • Must be a business within your area of expertise.
  • Must create at least 2 full time jobs in Victoria for the 2 years immediately preceding the permanent visa (subclass 888) nomination application
    • Exempt if turnover >$1 million per annum for the 2 years immediately preceding the permanent visa (subclass 888) nomination application.

Not eligible: property development, gift stores, convenience stores, dollar stores, franchises (unless the franchise brand has not operated in Australia).

Exporting

• Cannot engage in parallel exporting.
• Exports must provide direct contribution to Victorian economy.

Change of business requirement

• Must seek advice from SBMP Relationship Managers prior to undertaking changed business activity.

Investment

Must invest $500,000 into eligible Victorian business and maintain the investment for at least 1 year, immediately preceding the permanent visa (subclass 888) nomination application.

• Age <55
• Vocational English
• STEMM or MBA quals or business history
• 65 points minimum
• Business proposal
  • Must be innovative in either product or process
  • Must create at least 2 full time jobs in Victoria for the 2 years immediately preceding the Permanent visa (subclass 888) nomination application
    • Exempt if turnover >$1 million per annum for the 2 years immediately preceding the Permanent visa (subclass 888) nomination application.
  • Not eligible: property development, gift stores, convenience store, cafes or restaurants.

• Cannot engage in parallel exporting.
• Exports must provide direct contribution to Victorian economy.

• Must seek advice from SBMP Relationship Managers prior to undertaking changed business activity.

• Must establish residence and live in Victoria.

• Age <55
• 80 points minimum
• Business proposal
  • Business must support Victoria’s economic recovery and/or health response to the pandemic.
  • Must employ at least 1 full time employee for 1 year within 2 years prior to submitting Permanent visa (subclass 888A) nomination application.
  • Any commercial endeavour except small scale property development, small scale freight forwarding and warehousing, commodity and scrap metal export, passive investment.

• Cannot engage in parallel exporting.
• Exports must provide direct contribution to Victorian economy.

• Not required to advise SBMP of change in business.

• At least 46 weeks per year for 2 years prior to Permanent visa (subclass 888A) nomination application.

• Age <55
• 80 points minimum
• Business proposal
  • Must employ at least 1 full time employee for 1 year within 2 years prior to submitting Permanent visa (subclass 888A) nomination application.
  • Any commercial endeavour except; small scale property development, small scale freight forwarding and warehousing, commodity and scrap metal export, passive investment.
  • Business must make a contribution to Victoria.

• Cannot engage in parallel exporting.
• All exports must be 100% Victorian goods, including production, manufacture or last value add. This was repealed on 21 February 2020 and all impacted applicants were notified directly by email.
• Applicants must demonstrate that export activities provide direct contribution to Victorian economy.

• Not required to advise SBMP of change in business.

• At least 46 weeks per year for 2 years prior to Permanent visa (subclass 888A) nomination application.

• Age <55
• 65 points minimum
• Business proposal
  • Any commercial endeavour except; small scale property development, small scale freight forwarding and warehousing, commodity and scrap metal export, passive investment.
  • Business must contribute to Victoria.

• Cannot engage in parallel exporting.
• Exports must provide direct contribution to Victorian economy.

• Not required to advise SBMP of change in business.

• At least 46 weeks per year for 2 years prior to Permanent visa (subclass 888A) nomination application.

• $2.5 million in Complying investment:
  • $500,000 (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
  • $750,000 (30%) in eligible managed funds or Listed Investment Companies (LICs) that invest in emerging companies, and
  • $1.25 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.
• Age <55
• 80 points minimum
• Must commit to living in Victoria for at least 2 years
• No additional investment requirement

• Designated investment of $1.5 million in TCV bonds
• Age <55
• 95 points minimum
• Must live in Victoria for at least 2 years
• Additional investment
  • $500,000 during Provisional visa (subclass 188B) period.
  • Must be held for 24 months prior to Permanent visa (subclass 888) nomination application.
  • Must be into Victorian based Early Stage Venture Capital Limited Partnerships (ESVCLP), Venture Capital Limited Partnerships (VCLP) or a Fund of Funds (AFOF).
  • The fund must be registered with the Department of Industry, Science, Energy and resources and comply with the SIV VC investment framework.

• Designated investment of $1.5 million in TCV bonds
• Age <55
• 65 points minimum
• Must live in Victoria for at least 2 years
• Additional investment
  • $500,000 during Provisional visa (subclass 188B) period.
  • Must be held for 12 months prior to Permanent visa(subclass 888) nomination application.
  • Eligible additional business or investment may include:
    • An investment via a managed fund company/fund manager/brokerage firm with operations (an active office and employees) at a Victorian address.
    • Investment in real estate will also be considered, and must not be for personal or family use of the applicant.
    • Purchase of a Victorian private company is also considered to meet this requirement.
    • Shares in a Victorian Private Company will be considered, should this increase the value of the company (not purchasing shares from an existing shareholder).
    • Shares purchased in public companies (ASX listed etc) can be made through a Victorian fund management company/broker only.
  • Investments into Family Trusts do not meet this requirement.
  • Provisional visa (subclass 188B) holders can change the investment activities throughout, provided they continue to meet all requirements.
  • Investments using loans cannot be used to meet the additional investment requirement.

• Designated investment of $1.5 million in TCV bonds
• Age <55
• 65 points minimum
• Additional investment
  • Additional investment or business activity of any amount must be made within 36 months of arrival in Australia.
  • If investment is made into real-estate, deposits on property are not accepted – only full payment.
  • Property must be for investment purposes and not resided in by the visa holder or their family.
  • Can include stocks, real estate or investment into a company.

• $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.

• $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.

• $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).

• $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.