Document ID: chunk:federal_register_of_legislation:F2025C00115:clause:2_2:p12
Version: federal_register_of_legislation:F2025C00115
Segment Type: clause
Provision Reference: sch 2 cl 2 (pt 12/37)
Character Range: 2286194–2288880

relevant table.
 (1F) The applicant is covered by this subclause if:
 (a) at the time of application, the applicant held the visa mentioned in item 3 or 4 of the relevant table; and
 (b) if the applicant held the visa mentioned in item 3 of the relevant table—the visa was granted before 1 July 2021.
 (2) For the purposes of subclause (1), an applicant is taken to have been in Australia during a period if:
 (a) the applicant was outside Australia during a concession period; and
 (b) during the concession period the applicant was the holder of one or more visas mentioned in item 1AA, 1 or 2 of the table in subitem 1104BA(4) of Schedule 1; and
 (c) the first such visa was granted to the applicant before 1 July 2019.

888.222
 (1) The applicant (the current applicant):
 (a) had an ownership interest in at least one actively operating main business in Australia during the 2 years immediately before the application was made; and
 (b) continues to have the ownership interest in the actively operating main business.
 (2) If the current applicant acquired the ownership interest from another person who was an applicant for, or held, a Business Skills (Permanent) (Class EC) visa or a Business Skills (Residence) (Class DF) visa at the time of the acquisition, the current applicant must have held the ownership interest with that person as a joint interest for at least one year before the current applicant's application was made.

888.223
  An Australian Business Number has been obtained for each business mentioned in subclause 888.222(1).

888.224
  Each Business Activity Statement required by the Commissioner of Taxation during the 2 years immediately before the application was made has been submitted to the Commissioner and has been included in the application.

888.225
 (1) If the nominating State or Territory government agency has not determined that there are exceptional circumstances:
 (a) the requirements in at least 2 of subclauses (2) to (4) are met; and
 (b) the requirement in subclause (5) is met.
 (2) The assets owned by the applicant, the applicant's spouse or de facto partner, or the applicant and his or her spouse or de facto partner together, in the main business or main businesses in Australia:
 (a) had a net value of at least AUD200 000 throughout the period of 12 months immediately before the application was made; and
 (b) continue to have a net value of at least AUD200 000; and
 (c) were lawfully acquired.
 (3) In the period of 12 months immediately before the application was made:
 (a) the main business in Australia, or main businesses in Australia, of the applicant, the applicant's spouse or de facto partner, or the applicant and