The introduction of such a visa is a significant shift from current visa options for parents. “I encourage migrant communities to get involved in the consultation process and provide feedback to assist in the design of this visa” Assistant Minister Hawke said.
- research qualifications in STEM and specified ICT or related fields will be awarded extra points under the Points Tested Skilled Migration programme to strengthen their pathway to permanent residence.
Under the NISA, a new Entrepreneur visa with a pathway to permanent residency will be established for entrepreneurs with innovative ideas and financial backing from a third party. This visa will:
- Be a provisional visa for individuals who have obtained capital backing from a third party to develop entrepreneurial ideas in Australia.
- Be established as a new stream within the existing Business Innovation and Investment (Provisional) visa (subclass 188) and the Business Innovation and Investment (Permanent) visa (subclass 888).
When is it happening?
The Entrepreneur Visa will be introduced in November 2016 and the enhanced permanent visa pathway for STEM postgraduate research graduates will be implemented in December 2016.
Courtesy of Migration Alliance