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High Number of Business Talent and Significant Investor Visas Issued

October 2018, 11
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Skill Select Update

Department of Home Affairs announces invitations concerning Skilled (subclass 189) as well as Skilled Regional (subclass 489) visas once per month. Contemporary invitation round is assumed to be managed today.

As per the candidates who have presented their E.O.I are helped to check their skill select account. Depends on invitation rounds announced in the month of September, roughly 2490 invitations for subclass 189 as well as 10 invitations for subclass 489 are assumed to be declared today.

The Least test score required for the Skilled subclass 189 visa is about 70 points.  The least test score required for the Skilled Regional subclass 489 visa is about 80 points.  Specific professions such as Accountants bring a greater minimum test score.

Territory and State Nomination Rounds

Home Affairs announced the 1st round of Territory and State Nominations declared for 2018/19 Immigration Program Year.  For August, a sum of 886 Skilled subclass 190 invitations which was sponsored and announced.

Below are the number of invitations were announced per Territory or State:

  • Victoria – 292
  • NSW – 173
  • QLD – 109
  • TAS 132
  • SA – 78
  • ACT - 66
  • WA – 1

Business Talent Subclass 132

  • ACT – 0
  • NSW – 13
  • NT – 0
  • QLD – 60
  • SA – 116
  • TAS – 1
  • VIC – 11
  • WA – 26

Business Innovation Subclass 188

  • ACT – 0
  • NSW – 100
  • NT – 0
  • QLD – 112
  • SA – 32
  • TAS – 3
  • VIC – 438
  • WA – 38

A sum of 331 Subclass 188 invitations was declared in August 2018, and 156 Invitations declared for the Subclass 132 visa the equivalent period.  It represents approximately 40% of the whole intake for both subclasses for 2017-18 Migration year. 

For Important Investor stream candidates, the Complying notable Investment should include: 

• A sum of minimum AUD 500,000 in one or more venture capital funds; and
• A sum of minimum AUD 1,500,000 in developing organizations investments. 

Declarations are to be given by the noting fund manager for the capital which has the overarching authority of the investment.
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