Visa and citizenship application fee increases, AAT application fee up 70% to $3000 on 1 July 2021

Visa and citizenship application fee increases, AAT application fee up 70% to $3000 on 1 July 2021

Changes to migration regulations for 1 July 2021 have been registered with the revision of business skills visas, and increases to visa application charges, citizenship and AAT application fees.

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188 visas: Investor stream to increase to $2.5 million; complying investments mix to change

188 visas: Investor stream to increase to $2.5 million; complying investments mix to change

Amendments to investor stream visas under the Business Innovation and Investment Program (BIIP) that will take effect from 1 July 2021 were announced today with the minimum investment for the Investor stream to increase to $2.5 million. There will be no increase to the minimum $5 million necessary for the Significant Investor stream.

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Business skills: 132 visa closing 1 July 2021; Innovation visa to require at least $1.2 million net assets and $750,000 annual turnover; SIV shake-up coming?

Business skills: 132 visa closing 1 July 2021; Innovation visa to require at least $1.2 million net assets and $750,000 annual turnover; SIV shake-up coming?

Major changes to Australia’s Business Innovation and Investment program (BIIP) will see the Subclass 132 – Business Talent visa closed to new applicants, visa extensions streams grants reduced, and minimum thresholds for a 188 visa under the Business Innovation stream increase with net assets of at least $1.2 million and business annual turnover of at least $750,000 from 1 July 2021.

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