| Summary of Key Criteria – Senior Executive
Visas |
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| Criteria |
Senior Executive (Provisional) Subclass 161 |
State/Territory Senior Executive (Provisional) Subclass 164 |
| Net Assets – business and personal |
AUD$500,000 lawfully acquired and capable of being transferred to Australia within 2 years |
AUD$250,000 lawfully acquired and capable of being transferred to Australia within 2 years |
| Net assets – settlement |
Applicant and/or spouse have sufficient net assets to settle in Australia |
Applicant and/or spouse have sufficient net assets to settle in Australia as determined by sponsoring appropriate regional authority |
| Role in overseas business/ Investment activity |
For at least 2 of 4 years immediately before the
application is made, applicant has occupied position in 3 of the highest
management levels and responsible for strategic policy development in major
business AUD$50 million turnover |
For at least 2 of 4 years immediately before the
application is made, applicant has occupied position in 3 of the highest
management levels and responsible for strategic policy development in major
business AUD$10 million turnover |
| State/Territory Government |
Has notified appropriate regional authority in state/territory regarding applicant and business intentions in Australia |
Sponsorship by appropriate regional authority required |
| Genuine business commitment |
To establish or participate in active management
of qualifying business in Australia and maintain substantial ownership interest |
To establish or participate in active management
of qualifying business in Australia and maintain substantial ownership interest
|
| Business Background |
Overall successful business activity |
Overall successful business activity |
| Nil unacceptable business activity |
Neither applicant or spouse has history of unacceptable business activities |
Neither applicant or spouse has history of unacceptable business activities |
| Age |
Under 45 years of age |
Under 55 years of age unless business is endorsed
by sponsoring state/territory government as being of exceptional economic
benefit |
| English |
Vocational English |
Nil requirement |