Business visas require a State or Territory to sponsor or nominate the visa applicant before they can lodge a visa application with the Department of Immigration and Border Protection (DIBP).
The State Government of Victoria has introduced new visa nomination conditions for subclass 188.
Victorian nominated Subclass 188 – Business Innovation stream visa holders no longer need to notify or seek approval from Victoria to change their business activities. This change also applies to Subclass 163, 164 and 165 visa holders.
The change does not apply to the Business Talent (subclass 132) visa – Significant Business History stream. It is still a condition of Victorian nomination for the Business Talent visa that any proposed change of business activity within the first 24 months of arrival must be approved by the Victorian Government.
Visa holders should understand the subclass 188 visa – Business Innovation stream nomination conditions as well as the subclass 888 – Business Innovation stream nomination assessment criteria to ensure eligibility for permanent residence. It is important to be aware of business exclusions, including small-scale property development, small-scale freight forwarding and warehousing, commodity and scrap metal export, and passive investment.