Schedule 7A — Business innovation and investment points test—attributes and points (Business Skills

Schedule 7A—Business innovation and investment points test—attributes and points (Business Skills (Provisional) (Class EB) visas) (regulation 1.03)

Part 7A.1—Definitions In this Schedule: degree has the meaning given by subregulation 2.26AC(6). diploma has the meaning given by subregulation 2.26AC(6). trade qualification has the meaning given by subregulation 2.26AC(6).

Schedule 7A Business innovation and investment points test—attributes and points (Business Skills (Provisional) (Class EB) visas) Part 7A.2 Age qualifications

Part 7A.2—Age qualifications

Item At the time of invitation to apply for the visa, the applicant was ... Number of points 7A21 not less than 18 and under 25 20 7A22 not less than 25 and under 33 30 7A23 not less than 33 and under 40 25 7A24 not less than 40 and under 45 20 7A25 not less than 45 and under 55 15

Business innovation and investment points test—attributes and points (Business Skills (Provisional) (Class EB) visas) Schedule 7A English language qualifications Part 7A.3

Part 7A.3—English language qualifications

Item At the time of invitation to apply for the visa, the applicant had ... Number of points 7A31 vocational English 5 7A32 proficient English 10 Note: Points are accumulated under item 7A31 or 7A32, not both.

Schedule 7A Business innovation and investment points test—attributes and points (Business Skills (Provisional) (Class EB) visas) Part 7A.4 Educational qualifications

Part 7A.4—Educational qualifications

Item At the time of invitation to apply for the visa, the applicant had ... Number of points 7A41 met the requirements for: 5

(a) the award of a trade qualification, diploma or bachelor degree by an Australian educational institution; or

(b) the award of a bachelor qualification by an educational institution that is of a recognised standard

7A42 met the requirements for: 10

(a) the award of a bachelor degree in business, science or technology by an Australian educational institution; or

(b) the award of a bachelor qualification in business, science or technology by an educational institution that is of a recognised standard

Note: Points are accumulated under item 7A41 or 7A42, not both.

Business innovation and investment points test—attributes and points (Business Skills (Provisional) (Class EB) visas) Schedule 7A Business experience qualifications—Business Innovation stream only Part 7A.5

Part 7A.5—Business experience qualifications—Business Innovation stream only

Item The applicant has held one or more main businesses for ... Number of points 7A51 not less than 4 years in the 5 years immediately before the time of 10 invitation to apply for the visa 7A52 not less than 7 years in the 8 years immediately before the time of 15 invitation to apply for the visa Note: Points are accumulated under item 7A51 or 7A52, not both.

Schedule 7A Business innovation and investment points test—attributes and points (Business Skills (Provisional) (Class EB) visas) Part 7A.6 Investor experience qualifications—Investor stream only

Part 7A.6—Investor experience qualifications—Investor stream only

Item The applicant ... Number of points 7A61 (a) if the applicant was invited to apply for the visa before 1 July 10 2021—held eligible investments which had a value of not less than AUD100,000 for not less than 4 years immediately before the time of invitation; or

(b) if the applicant was invited to apply for the visa on or after 1 July 2021—held eligible investments which had a value of not less than AUD250,000 for not less than 4 years immediately before the time of invitation

7A62 (a) if the applicant was invited to apply for the visa before 1 July 15 2021—held eligible investments which had a value of not less than AUD100,000 for not less than 7 years immediately before the time of invitation; or

(b) if the applicant was invited to apply for the visa on or after 1 July 2021—held eligible investments which had a value of not less than AUD250,000 for not less than 7 years immediately before the time of invitation

Note: Points are accumulated under item 7A61 or 7A62, not both.

Business innovation and investment points test—attributes and points (Business Skills (Provisional) (Class EB) visas) Schedule 7A Financial asset qualifications Part 7A.7

Part 7A.7—Financial asset qualifications

Item The net value of the business and personal assets of the applicant, the Number of applicant’s spouse or de facto partner, or the applicant and the points applicant’s spouse or de facto partner together, was ... 7A71 (a) if the applicant was invited to apply for the visa before 1 July 2021— 5 not less than AUD800,000 in each of the 2 fiscal years immediately before the time of invitation; or

(b) if the applicant was invited to apply for the visa on or after 1 July 2021—not less than AUD1,250,000 in each of the 2 fiscal years immediately before the time of invitation

7A72 (a) if the applicant was invited to apply for the visa before 1 July 2021— 15 not less than AUD1,300,000 in each of the 2 fiscal years immediately before the time of invitation; or

(b) if the applicant was invited to apply for the visa on or after 1 July 2021—not less than AUD1,750,000 in each of the 2 fiscal years immediately before the time of invitation

7A73 (a) if the applicant was invited to apply for the visa before 1 July 2021— 25 not less than AUD1,800,000 in each of the 2 fiscal years immediately before the time of invitation; or

(b) if the applicant was invited to apply for the visa on or after 1 July 2021—not less than AUD2,250,000 in each of the 2 fiscal years immediately before the time of invitation

7A74 (a) if the applicant was invited to apply for the visa before 1 July 2021— 35 not less than AUD2,250,000 in each of the 2 fiscal years immediately before the time of invitation; or

(b) if the applicant was invited to apply for the visa on or after 1 July 2021—not less than AUD2,750,000 in each of the 2 fiscal years immediately before the time of invitation

Note: Points are accumulated under one item in Part 7A.7, not more than one.

Schedule 7A Business innovation and investment points test—attributes and points (Business Skills (Provisional) (Class EB) visas) Part 7A.8 Business turnover qualifications

Part 7A.8—Business turnover qualifications

Item The applicant had an ownership interest in one or more main Number of businesses that had an annual turnover of ... points 7A81 (a) if the applicant was invited to apply for the visa before 1 July 2021— 5 not less than AUD500,000 in at least 2 of the 4 fiscal years immediately before the time of invitation; or

(b) if the applicant was invited to apply for the visa on or after 1 July 2021—not less than AUD750,000 in at least 2 of the 4 fiscal years immediately before the time of invitation

7A82 (a) if the applicant was invited to apply for the visa before 1 July 2021— 15 not less than AUD1,000,000 in at least 2 of the 4 fiscal years immediately before the time of invitation; or

(b) if the applicant was invited to apply for the visa on or after 1 July 2021—not less than AUD1,250,000 in at least 2 of the 4 fiscal years immediately before the time of invitation

7A83 (a) if the applicant was invited to apply for the visa before 1 July 2021— 25 not less than AUD1,500,000 in at least 2 of the 4 fiscal years immediately before the time of invitation; or

(b) if the applicant was invited to apply for the visa on or after 1 July 2021—not less than AUD1,750,0000 in at least 2 of the 4 fiscal years immediately before the time of invitation

7A84 (a) if the applicant was invited to apply for the visa before 1 July 2021— 35 not less than AUD2,000,000 in at least 2 of the 4 fiscal years immediately before the time of invitation; or

(b) if the applicant was invited to apply for the visa on or after 1 July 2021—not less than AUD2,250,000 in at least 2 of the 4 fiscal years immediately before the time of invitation

Note: Points are accumulated under one item in Part 7A.8, not more than one.

Business innovation and investment points test—attributes and points (Business Skills (Provisional) (Class EB) visas) Schedule 7A Business innovation qualifications Part 7A.9

Part 7A.9—Business innovation qualifications Item At the time of invitation to apply for the visa ... Number of points 7A91 the applicant, or a main business of the applicant, had either or both of the 15 following:

(a) one or more patents that:

(i) were registered not less than 1 year before that time; and

(ii) were used in the day to day activities of the main business;

(b) one or more registered designs that:

(i) were registered not less than 1 year before that time; and

(ii) were used in the day to day activities of the main business

7A92 the applicant, or a main business of the applicant, had one or more registered 10 trade marks that:

(a) were registered not less than 1 year before that time; and

(b) were used in the day to day activities of the main business

7A93 each of the following applied: 5

(a) at least one main business in which the applicant held an ownership interest operated in accordance with a formal joint venture agreement entered into with another business or businesses;

(b) the joint venture agreement had been entered into not less than 1 year before the time of invitation to apply for the visa;

(c) the applicant utilised his or her skills in actively participating at a senior level in the day to day management of the business

7A94 at least one main business held by the applicant derived not less than 50% of its 15 annual turnover from export trade in at least 2 of the 4 fiscal years immediately before that time 7A95 the applicant had an ownership interest in at least one main business that: 10

(a) was established not more than 5 years before that time; and

(b) had an average annualised growth in turnover that was greater than 20% per annum over 3 continuous fiscal years; and

(c) in at least one of the 3 fiscal years mentioned in paragraph (b) employed 10 or more employees for a total number of hours that was at least the total number of hours that would have been worked by 10 full-time employees

Schedule 7A Business innovation and investment points test—attributes and points (Business Skills (Provisional) (Class EB) visas) Part 7A.9 Business innovation qualifications

Item At the time of invitation to apply for the visa ... Number of points 7A96 the applicant, or at least one main business in which the applicant held an 10 ownership interest:

(a) had received a grant that:

(i) was awarded for the purposes of early phase start up of a business, product commercialisation, business development or business expansion; and

(ii) was at least AUD10 000; and

(iii) was awarded by a government body in the applicant’s home country; and

(iv) had been received not more than 4 years immediately before that time; or

(b) had received venture capital funding of at least AUD100 000 not more than 4 years before the time of the invitation for the purposes of early phase start up of a business, product commercialisation, business development or business expansion

Note: Points may be accumulated under more than one item in Part 7A.9, but points may not be accumulated more than once for each item in the Part.

Business innovation and investment points test—attributes and points (Business Skills (Provisional) (Class EB) visas) Schedule 7A Special endorsement qualifications Part 7A.10

Part 7A.10—Special endorsement qualifications

Item At the time of the invitation to apply for the visa ... Number of points 7A101 the nominating State or Territory government agency had determined 10 that the business proposed by the applicant was of unique and important benefit to the State or Territory where the nominating government agency is located

Schedule 8 Visa conditions