Document ID: chunk:federal_register_of_legislation:F2025C00115:clause:2_2:p59
Version: federal_register_of_legislation:F2025C00115
Segment Type: clause
Provision Reference: sch 2 cl 2 (pt 59/178)
Character Range: 1571376–1573990

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 investments of the applicant, the applicant's spouse or de facto partner, or the applicant and the applicant's spouse or de facto partner together; and
 (b) the total net value of the eligible investments was:
 (i) if the time of invitation to apply for the visa was before 1 July 2021—at least AUD1,500,000; or
 (ii) if the time of invitation to apply for the visa was on or after 1 July 2021—at least AUD2,500,000.

188.245
  For the 2 fiscal years immediately before the time of invitation to apply for the visa, 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, had a net value of:
 (a) if the time of invitation was before 1 July 2021—at least AUD2,250,000; or
 (b) if the time of invitation was on or after 1 July 2021—at least AUD2,500,000.

188.246
 (1A) If the time of invitation to apply for the visa was before 1 July 2021, the requirements in subclauses (1) and (2) are met.
 (1) The applicant has made a designated investment of at least AUD1 500 000 in the State or Territory in which the nominating State or Territory government agency is located, and has made the investment:
 (a) in the name of the applicant; or
 (b) in the names of the applicant and his or her spouse or de facto partner.
 (2) The funds used to make the designated investment mentioned in subclause (1) were:
 (a) unencumbered; and
 (b) accumulated from either or both of:
 (i) one or more qualifying businesses conducted by the applicant, the applicant's spouse or de facto partner, or the applicant and his or her spouse or de facto partner together; and
 (ii) eligible investment activities of the applicant, the applicant's spouse or de facto partner, or the applicant and his or her spouse or de facto partner together.

188.246A
 (1) If the time of invitation to apply for the visa was on or after 1 July 2021, the requirements in subclauses (2), (3) and (4) are met.
 (2) The applicant:
 (a) has made a complying significant investment of at least AUD2,500,000; and
 (b) has a genuine intention to hold the complying significant investment for the whole of the visa period.
 (3) The funds used to make the complying significant investment mentioned in subclause (2) were accumulated from either or both of the following:
 (a) one or more qualifying businesses