Yes, it has. Business Innovation and Investment visas (subclass 188) are similar to temporary residence permits in other countries. These visas are issued for up to five years. They allow the applicant and their family members to live, work, and run a business in Australia. Applicants can be granted visas by an investment of AUD 1.25 million or more.
This category of visa provides four options for investment, which are called streams. Each category has its minimum investment requirements, investment conditions and processing time.