Queensland Government Migration Update

Queensland Government Migration Update

By Leila Reypour
MARN 0848264

Business and Skilled Migration Queensland (BSMQ) is pleased to announce that new Queensland Business Criteria for the Business, Innovation and Investment Program (BIIP) and a new Queensland Skilled Occupation List (QSOL) has been approved by the Queensland Government. These changes will come into effect from Monday 25 July 2016.

The headline changes include:

Subclass 132 Business Talent (Significant Business History Stream)

Net Business and Personal Assets of AUD$1.5 million to be transferred to Queensland within 2 years after visa is granted including:

- minimum AUD$1million investment in a business

- minimum AUD$500,000 settlement costs

- must reside in Queensland

Subclass 188 Business Innovation and Investment

A. Innovation Stream: Net Business and Personal Assets of AUD$800,000 to be transferred to Queensland within 2 years after visa is granted including:

- minimum AUD$200,000 investment in a business

- must reside in Queensland

B. Investor Stream:

- Existing criteria remains the same

- must reside in Queensland

C. Significant Investor Stream (SIV):

- current Austrade Complying Investment Framework

- commitment to Queensland

Queensland Skilled Occupation List (QSOL)

The new QSOL will be released and come into effect as of Monday 25 July 2016 and made available on the BSMQ website www.migration.gov.au

BSMQ will suspend processing Expressions of Interest (EOI) Thursday 14 July until Friday 22 July 2016 in order to update the relevant fact sheets and application forms, and the new QSOL on the www.migration.qld.gov.au website. From Monday 25 July 2016, BSMQ will commence processing EOI’s under the newly approved business criteria & QSOL list.

Source: Business and Skilled Migration Queensland