Business Innovation Points Test
Applicants for the Provisional Subclass 188 Visas will need to meet the pass mark of 65 in the Innovation Points Test.
Age:
Points will be available depending on which age bracket the applicant falls within. Once the applicant is 55, no points will be available for age and state or territory governments must apply for a waiver of the age limit for people aged over 55.
| Factors | Description | Points |
|---|---|---|
Age |
18–24 years | 20 |
| 25–32 years | 30 | |
| 33–39 years | 25 | |
| 40–44 years | 20 | |
| 45–54 years | 15 | |
| 55 and older | 0 |
English Language Ability:
There is no minimum English language requirement for the new business immigration subclasses. However, applicants with less than functional English will need to pay an English Language Charge before receiving their visas.
- Vocational English: 5 minimum in each of the 4 components of IELTS
- Proficient English: 7 minimum in each of the 4 components of IELTS
| English Language Ability | Vocational English | 05 |
| Proficient English | 10 |
Qualifications:
People with trade qualifications, diplomas or bachelor degrees and qualification in business, science and technology will receive points. Qualification must either be awarded by an Australian Institution or recognized overseas Institution.
Qualifications |
Australian trade certificate, diploma or bachelor degree by an Australian education institute; or a bachelor qualification recognised by an education institution of a recognized standard | 05 |
| Bachelor degree in business, science or technology by an Australian institution; or a bachelor qualification by an education institution of a recognized standard | 10 |
Special Endorsement by State/Territory Government:
State and Territory Governments can support applicants by indicating that their proposed business is of unique and important benefit to the state or territory.
Qualifications |
Australian trade certificate, diploma or bachelor degree by an Australian education institute; or a bachelor qualification recognised by an education institution of a recognized standard | 05 |
| Bachelor degree in business, science or technology by an Australian institution; or a bachelor qualification by an education institution of a recognized standard | 10 |
NET PERSONAL ASSETS:
Points will be awarded for net personal assets held for the last 2 financial years:
Qualifications |
Australian trade certificate, diploma or bachelor degree by an Australian education institute; or a bachelor qualification recognised by an education institution of a recognized standard | 05 |
| Bachelor degree in business, science or technology by an Australian institution; or a bachelor qualification by an education institution of a recognized standard | 10 |
Business Turnover:
Points will be awarded for turnover in a business owned by the applicant. The turnover threshold must be net for 2 years in the last 4 years prior to application:
Business Turnover |
Annual turnover in your main business during a period of at least two years of the preceding four fiscal years of at least: | |
| AUD500 000 | 5 | |
| AUD1 million | 15 | |
| AUD1.5 million | 25 | |
| AUD2 million | 35 |
Experience in Business or Investment:
Points will be awarded for experience relevant to the stream being applied for; work experience as a business owner is considered relevant.
Business Experience |
You have held one or more businesses before you were invited to apply for the visa for: | |
| Not less than four years within the preceding five years | 10 | |
| Not less than seven years within the preceding eight years | 15 |
Innovation:
Points can be awarded in a number of factors, for instance;
- Registered patents or designs
- Registered trademarks
- Joint ventures
- Export Trade: Where the business has at least 50% of its turnover in experts
- Gazelle Business: Where the business has had 20% annualized growth for the last 3 financial years
- Grants or Venture Capital Funding: Government grants of at least AUD 10,000 or Venture capital funding of at least AUD 100,000 will give eligibility for points
Business Innovation Qualifications At the time of invitation to apply for the visa: |
Evidence of registered patents or registered designs | 15 |
| Evidence of registered trademarks | 10 | |
| Evidence of formal joint venture agreements | 5 | |
| Evidence of export trade | 15 | |
| Evidence of ownership interest in a gazelle business | 10 | |
| Evidence of receipt of grants or venture capital funding | 10 |
Special or Territory Nomination:
| State or Territory Nomination | Special endorsement (limited places) | 10 |
For more information on business migration please contact us.
