Document ID: chunk:federal_register_of_legislation:F2025C00115:clause:2_2:p58
Version: federal_register_of_legislation:F2025C00115
Segment Type: clause
Provision Reference: sch 2 cl 2 (pt 58/178)
Character Range: 1568860–1571623

member of the family unit of the applicant who is not an applicant for a Subclass 188 visa satisfies public interest criterion 4007 unless it would be unreasonable to require the member to undergo assessment in relation to the criterion.
188.24—Criteria for Investor stream
Note: These criteria are only for applicants seeking to satisfy the primary criteria for a Subclass 188 visa in the Investor stream.

188.241
 (1) The applicant was invited, in writing, by the Minister to apply for the visa.
 (2) The applicant:
 (a) had not turned 55 at the time of the invitation to apply for the visa; or
 (b) is proposing to establish or participate in business or investment activity that the nominating State or Territory government agency has determined is of exceptional economic benefit to the State or Territory in which the agency is located.

188.242
 (1) The applicant's score on the business innovation and investment points test is not less than the number of points specified by the Minister in an instrument in writing for this subclause.
 (2) For subclause (1):
 (a) an applicant's score on the business innovation and investment points test is the sum of the applicant's scores under Parts 7A.2, 7A.3, 7A.4, 7A.6, 7A.7, 7A.8, 7A.9 and 7A.10 of Schedule 7A; and
 (b) the Minister must not give the applicant the prescribed number of points for more than one prescribed qualification in Parts 7A.2, 7A.3, 7A.4, 7A.6, 7A.7, 7A.8 and 7A.10 of Schedule 7A; and
 (c) if the applicant's circumstances satisfy more than one prescribed qualification in Parts 7A.2, 7A.3, 7A.4, 7A.6, 7A.7, 7A.8 and 7A.10 of Schedule 7A, the Minister must give the applicant points for the qualification that has been satisfied that attracts the highest number of points.

188.243
 (1) The applicant has overall had a successful record of eligible investment activity or qualifying business activity.
 (2) The applicant has had a total of at least 3 years experience of direct involvement in managing one or more qualifying businesses or eligible investments.
 (3) The applicant has demonstrated a high level of management skill in relation to the eligible investment or qualifying business activity.

188.244
 (1) For at least one of the 5 fiscal years immediately before the time of invitation to apply for the visa:
 (a) both of the following apply:
 (i) the applicant maintained direct involvement in managing a qualifying business;
 (ii) the applicant, the applicant's spouse or de facto partner, or the applicant and his or her spouse or de facto partner together, had an ownership interest of at least 10% of the total value of the business; or
 (b) subclause (2) applies.
 (2) This subclause applies if:
 (a) the applicant maintained direct involvement in managing eligible