New Queensland BIIP criteria & new Queensland Skilled Occupation List (QSOL) is now in effect

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 are now in effect.

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

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

Investor stream:

  • Existing criteria remains the same
  • must reside in Queensland

Significant Investor Stream (SIV):

  • current Austrade Complying Investment Framework
  • commitment to Queensland.

QUEENSLAND SKILLED OCCUPATION LIST (QSOL)

The new QSOL will be released and is now in effect (as of Monday 25 July 2016).

For more information please visit this website.

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