New Regional Postcodes
RSMS and ENS Visa Changes to start-up businesses policy
The Subclass 186 and 187 policy relating to start up businesses has changed from 1 July 2014.
This section has been removed from the latest policy:
“Under policy, the nominator must demonstrate that their business has been actively operating for a period of at least 6 months before lodging a nomination. If the business has not operated for a period of at least 6 months, the nomination would not satisfy the relevant legislative requirement for active operation. The entity must have operated for a full period of 6 months from the time it ‘actively commenced operations to satisfy the requirement to be actively operating.”
The following has been added to the latest policy:
“A start-up business must provide business activity statements for each complete quarter from the time of commencement of operations up until the time the nomination is lodged. The start-up business will not be determined to have been actively operating until the ABN and/or ACN of the business has been registered in addition to the business physically operating.
The result of this is that, if a business has operated for a long period of time but has changed ownership or structure resulting in a new ABN and ACN being required, this business is now considered a start-up business.”
For More details please contact us:
Auzworld Migration Pty Ltd
Ph: +61 2 9635 4744
Email: urmila@auzworld.com.au / manmohan@auzworld.com.au
Website: www.auzworldmigration.com.au
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