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 12/178)
Character Range: 1453708–1456410

years immediately before the application is made:
 (a) the net value of the assets of:
 (i) the applicant; or
 (ii) the applicant's spouse or de facto partner; or
 (iii) the applicant and his or her spouse or de facto partner together;
  in a qualifying business or qualifying businesses in which the applicant had an ownership interest was at least AUD200 000; and
 (b) if a qualifying business mentioned in paragraph (a) was operated by a publicly listed company, the shareholding of:
 (i) the applicant; or
 (ii) the applicant's spouse or de facto partner; or
 (iii) the applicant and his or her spouse or de facto partner together;
  was at least 10% of the total issued capital of the company.

160.213
  For at least 2 of the 4 fiscal years immediately before the application is made, the applicant's main business, or the applicant's main businesses together, had an annual turnover of at least AUD500 000.

160.214
 (1) The business and personal assets of the applicant, the applicant's spouse or de facto partner, or the applicant and his or her spouse or de facto partner together:
 (a) have a net value of at least AUD800 000; and
 (b) are lawfully acquired and available for transfer, and capable of being transferred, to Australia within 2 years after the grant of a Subclass 160 visa.
 (2) The applicant, the applicant's spouse or de facto partner, or the applicant and his or her spouse or de facto partner together, have business and personal assets, in addition to the assets mentioned in subclause (1), that the Minister is satisfied are of a sufficient net value to settle in Australia.

160.215
  The applicant is less than 45 years old.

160.216
  The applicant has vocational English within the meaning given by regulation 1.15B.

160.217
  If the applicant was engaged, for at least 2 of the 4 fiscal years immediately before the application is made, in a business providing professional, technical or trade services, the applicant was directly engaged in the provision of the services, as distinct from the general direction of the operation of the business, for no more than half the time spent by the applicant from day to day in the conduct of the business.

160.218
  Neither the applicant nor his or her spouse or de facto partner (if any) has a history of involvement in business activities that are of a nature that is not generally acceptable in Australia.

160.219
  The applicant has notified the appropriate regional authority of a State or Territory of:
 (a) the applicant's business history; and
 (b) the applicant's intention to develop a business in that State or Territory.

160.219A
  The applicant genuinely has a realistic commitment, after entry to Australia