Lowered the passing score for Business visas and permanent residence for 12 months
From 1 July 2015 the Department of Immigration of Australia (DIBP) reduces the minimum passing score on Business and Investor visas to 50 points, and also allows for the implementation of the basic requirements for permanent residence Business visas (subclass 888) is the second applicant.
Introduced a new category of visas for wealthy businessmen – Premium Investment Visa (PIV). A distinctive feature of the PIV will be accelerated resident status (permanent residence) within 12 months from the date of investment in the Australian economy at least 15 million Australian Dollars to return as permanent resident status is granted.
Access to the PIV program will be issued by the Australian Government through the Australian Trade Commission (Austrade).