Author: Renu Roberts

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Victoria’s Significant Investor program reopens for business

Processing of applications for Victorian Significant Investor visa nomination under the Commonwealth Government’s new Complying Investment framework has resumed from Wednesday 1 July 2015.

Under the new framework, migrant investors must invest:

  • at least A$500,000 in eligible Australian venture capital or growth private equity fund(s) investing in start-up and small private companies
  • at least A$1.5 million in an eligible managed fund(s) or Listed Investment Companies (LICs) that invest in emerging companies listed on the Australian Securities Exchange (ASX)
  • a ‘balancing investment’ of up to A$3 million in fund(s) or LICs that invest in a combination of eligible assets that include other ASX listed companies, eligible Australian corporate bonds or notes, annuities and real property in Australia (subject to the 10% limit on residential real estate).

Migration Regulations 1994 - Specification of Class of Persons 2015 - IMMI 15/083 - F2015L01018

- https://www.comlaw.gov.au/Details/F2015L01018

Age exemptions – Eligible medical practitioners in regional Australia

From 1 July 2015, the age exemption available to medical practitioners in regional Australia will no longer require employment with the same employer while holding a Temporary Work (Skilled) Subclass 457 Visa or a Medical Practitioner (Temporary) Subclass 422 Visa.

Instead, medical practitioners applying for a Subclass 186 or Subclass 187 Visa must demonstrate at least four years employment in the nominated occupation. These medical practitioners must demonstrate that at least two years of the required four years employment was located in regional Australia and the nominated position will also be located in regional Australia. 

Migration Regulations 1994 - Specification of Occupations, a Person or Body, a Country or Countries 2015 - IMMI 15/091 - F2015L01057

- https://www.comlaw.gov.au/Details/F2015L01057

Occupation lists, assessing authorities and countries: applications from 1 July 2014 to 30 June 2015

The Instrument specifies the following schedules for the following visa classes:

  • Subclass 189 and Subclass 489 visa applicants and partners not nominatedby state and territory governments who were issued invitations to apply on or after 1 July 2014 and before 1 July 2015: lists the occupations, skills assessing authorities and countries, in Schedule 1.
  • Subclass 190 and Subclass 489 visa applicants and partners nominated by state and territory governments who were nominated on or after 1 July 2014 and before 1 July 2015: lists the occupations, skills assessing authorities and countries in Schedule 1 and Schedule 2.​
  • Subclass 485 visa applicants who applied on or after 1 July 2014 and before 1 July 2015: lists the occupations, skills assessing authorities and countries for applicants in Schedule 1.
  • Subclass 186 Direct Entry nomination applications made on or after 1 July 2015, lists the occupations in Schedule 1 and Schedule 2, and for Direct Entry visa applications, the assessors for those occupations in Schedule 1 and Schedule 2.​
  • Subclass 402 Training and Research applications made on or after 1 July 2014 and before 1 July 2015: lists the occupations and their ANZSCO code for the nominated occupational training in Schedule 1 and Schedule 2.
  • The ANSZCO is the version that is published and current at 1 July 2015.

This Instrument commenced on 1 July 2015.

RENU MIGRATION SERVICES Brisbane, Australia