| Summary of Key Criteria – Business
Ownership (Residence) Visas |
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| Criteria |
Business Owner (Residence) Subclass 890 |
State/Territory Sponsored Business Owner (Residence) Subclass 892 |
| Ownership interest |
In 1 or more main business/es for at least 2 years |
In 1 or more main business/es for at least 2 years |
| Net Assets – business |
AUD$100,000 for 12 months |
AUD$75,000 for 12 months* |
| Net Assets – business and personal |
AUD$250,000 |
AUD$250,000 |
| Annual Turnover – business |
In the 12 months applicants main business/es have
annual turnover of at least AUD$300,000 |
In the 12 months applicants main business/es have
annual turnover of at least AUD$200,000 |
| Nil unacceptable business activity |
Neither applicant nor spouse has a record of unacceptable
business activities |
Neither applicant nor spouse has a record of unacceptable
business activities |
| Residential requirement |
At least 1 out of 2 years immediately before the
application is made holding provisional visa |
At least 1 out of 2 years immediately before the
application is made holding provisional visa |
| State/Territory Government |
Nil requirement |
Sponsorship by appropriate regional authority required |