The South Australian Government recently announced the process and timeframes for the remainder of the 2020/21 program year with regards to state nomination applications for the Business Innovation & Investment Program (BIIP).
This follows DHA’S announcement in December 2020 regarding major changes to the national business migration program for 2021/22, including the cessation of the permanent subclass 132 visa from 1st July, 2021.
Accordingly, South Australia (SA) has advised the following:
- There will be two rounds of quarterly nomination for the remaining 2020/21.
- The third quarterly nomination round is opened to both the Business Talent Visa (Subclass 132) and the Business Innovation and Investment (Provisional) Program (Subclass 188).
- The 4 th and final quarterly nomination round (to occur in May – June 2021) will only be open to the provisional subclass 188 applications.
- For the Business Talent Visa – Significant Business History Stream (132A), Intention to Apply submissions must be received by SA by 31/3/2021.
- For the Business Talent Visa – Venture Capital Entrepreneur stream (132B), Intention to Apply submissions must be received by SA by 22/2/2021.
- Applicants applying for the subclass 132 visa (Significant Business History stream) and subclass 188 (Business Innovation stream) will need to provide additional information with their ‘Intention to Apply’ (ITA) submission if they intend to export wine to China. Business proposals need to outline:
- The specific South Australian wine label(s) to be exported and the current tariff applicable (to be linked with the exploratory visit).
- The market, distribution network and ongoing demand for the exported product and how any impacts of the tariff will be addressed.
- An alternative business proposal should the export of wine not be considered a viable option post-arrival.
Note: Invitation to apply for State Nomination decisions will be assessing the supporting information provided on this business activity. Previous Intention to Apply submissions entered that have indicated an intention to export wine to China are required to submit a new Intention to Apply (ITA) form that addresses the above dot points.