Points Test - Business Innovation and Investement Visa Subclass 188

You must score at least 65 points (the pass mark) in the points test to be eligible to apply for a Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation streamor the Investor stream.

 

The points test does not apply to you if you are applying in the Significant Investor stream, the Premium Investor stream, or the  Business Innovation Extension stream or the Significant Investor Extension stream.

Age

You can receive up to 30 points based on your age on the day you were invited to apply.

For the Business Innovation stream or Investor stream, if you are aged 55 years or you are not eligible for points for your age under the points test.

 

English language ability

You can receive 10 points for proficient English and 5 points for vocational English. 

The IELTS, PTE Academic and TOEFL iBT band score for the four components must be demonstrated in one test taken within the three years before you are invited to apply for this visa. The Cambridge English: Advanced (CAE) test band score for the four components must be demonstrated in one test taken on or after 1 January 2015 and before you are invited to apply for this visa. We will not accept separate test scores for each component for these English language tests. 

There are two IELTS tests—an academic test and a general training test. You need to take only the general test unless otherwise advised by your skills assessing authority.

The OET test must have been taken within the three years before you are invited to apply for this visa.

 

Qualifications

You can receive up to 10 points for your educational qualifications at the time you were invited to apply if you have met the requirements for:

  • a trade qualification, diploma or bachelor degree from an Australian educational institution (5 points)

  • a bachelor degree from another educational institution that the minister is satisfied meets a recognised standard (5 points)

  • a bachelor degree in business, science or technology from an Australian educational institution (10 points)

  • a bachelor degree in business, science or technology from another educational institution that the minister is satisfied meets a recognised standard (10 points).

If you have a higher degree in business, science or technology (such as Masters in Science), but have no bachelor degree in one of those fields, you do not qualify for the award of 10 points.

 

Experience in business or investment

You can receive up to 15 points if you have a demonstrated history of relevant business or investment experience for a specified amount of time in the period before you are invited to apply:

  • Business Innovation stream: experience of 

    • at least four years in the preceding five years (10 points)

    • at least seven years in the preceding eight years (15 points)

  • Investor stream: a minimum of AUD100 000 in eligible investments for 

    • at least the preceding four years (10 points)

    • at least the preceding seven years (15 points).

 

Net personal and business assets

To be awarded points for your assets, in each of the two fiscal years before you are invited to apply, you, your partner or you and your partner combined must have held net business and personal assets of at least:

  • AUD800 000 (5 points)

  • AUD1.3 million (15 points)

  • AUD1.8 million (25 points)

  • AUD2.25 million (35 points).

 

Business turnover

You can be awarded points on the basis of the turnover of your nominated main business in at least two of the four fiscal years before you are invited to apply:

  • AUD500 000 (5 points)

  • AUD1.0 million (15 points)

  • AUD1.5 million (25 points)

  • AUD2.0 million (35 points).

There is no business turnover requirement for the Investor stream.

 

Business innovation

For the Business Innovation stream, this component of the points test gives points for evidence of the following attributes at the time you are invited to apply for this visa. You can be awarded points for more than one attribute, but only once for each of them.

  • Registered patents or registered designs (15 points) 

    • The patent or design must have been registered at least one year.

    • It must have been used in the day-to-day activities of your nominated main business.

  • Registered trademarks (10 points) 

    • The trademark must have been registered at least one year.

    • It must have been used in the day-to-day activities of your main business.

  • Joint venture agreements (5 points) 

    • The agreement must be a formal agreement that has been in force for at least one year.

    • You must have been involved at a senior level in day-to-day management and decision-making for the venture.

  • Export trade (15 points) 

    • One or more of your nominated main businesses must have derived at least 50 per cent of annual turnover from export trade for at least two of the preceding four fiscal years.

  • Gazelle businesses (newly established businesses experiencing rapid growth during a short period) (10 points) 

    • Your nominated main business must have been registered for no more than five years.

    • The average annualised growth in turnover of the business must have been greater than 20 per cent each year for a continuous period of three fiscal years.

    • The business must have had 10 or more full-time employees for at least one fiscal year in the three-year period.

  • Receipt of grants or venture capital funding for an innovative business idea (10 points) 

    • This funding must have been for the early-phase start-up of a business, product commercialisation, business development or business expansion.

    • Grants: You must have received a grant of at least AUD10 000 under specified conditions from a government body in your home country within the preceding four years.

    • Venture capital funding: You must have received venture capital funding of at least AUD100 000 within the preceding four years.

 

Special endorsement

In a limited number of cases, a nominating state or territory government could determine that your proposed business or investment is of unique and important benefit to the state or territory. In these circumstances, you can be awarded 10 points.

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