Business Innovation stream

Provide the documents in this section only if you are applying for this visa under the Business Innovation stream.

Your business documents

  • overview of your business career and intentions in Australia, which can include:
    • a statement outlining your intended business and/or investment activities
    • a description of your research or study in relevant sectors in Australia
    • a description of the business activities of the business in Australia in which you have an interest, and the period of ownership (if applicable).
  • evidence of net value of business and personal assets, which can include:
    • For cash assets: bank statements, on a single day in the three months preceding your application. All bank statements must have the same date of issue and must clearly identify the account holder
    • For real estate assets: evidence of ownership (certificate of title, title deed, valuation certificate by an accredited property valuer and/or mortgage certificate
    • For personal loans: loan agreements clearly identifying the borrower and lender, loan statements indicating amount borrowed and repayment schedule
    • For stocks and bonds: share or debentures certificates, fixed interest securities, ownership and market value of claimed marketable securities such as bonds
    • If you want to include assets held by a trust, you must include a copy of the trust deed.
  • evidence of business ownership at the time you are invited to apply, such as:
    • full company extract or certificate of incorporation
    • shareholder certificate lodged with the Company Registrar, showing your share of capital annual return of the business
    • memorandum and articles of association
    • certificate of business registration, business licence or business names extract for the business
    • franchise agreement, company registrar, or share transfer documents
    • partnership agreements between all partners
    • if your business is a trust: full trust deed and amendments (including the names of all trustees and beneficiaries at the time the trust was formed).
  • evidence that you have participated in the day-to-day management of the business for two of the four fiscal years before you were invited to apply, such as business contracts, minutes of meetings and documents initiated or authorised by you. The evidence needs to demonstrate your involvement in decisions about the management of all or substantial part of the business and responsibility for such areas as strategic management, recruitment, price structure, business profitability and expenditure
  • business registration certificate or licence for your main business
  • evidence of your ownership or share of ownership of the main business, such as:
    • evidence of purchase ◦share registers, company registers, or share transfer documents
    • historical company extracts ◦annual returns of directors and shareholders
    • partnership, trust or franchise agreements.
  • a full set of financial statements for your business for two of the four fiscal years immediately before you were invited to apply for this visa (the statements must be prepared by an independent accountant to International Accounting Standards and include a balance sheet, profit and loss statement and notes to the accounts)
  • a one-page organisational chart showing your position in the business, staff attribution, management reporting lines and functional responsibilities
  • photos of business premises and business activities (maximum six photos)
  • if applicable:
    • details if any of your businesses has operated at a loss
    • evidence if any of your businesses is or has been subject to insolvency, receivership or liquidation
    • evidence of bankruptcy of any of your businesses.

Net assets

  • evidence that you, your partner, or you and your partner combined hold total net business and personal assets of at least AUD800 000 that are legally acquired and can be transferred to Australia within two years after the visa is granted
  • a one-page summary statement outlining all your and your partner’s assets and liabilities on a day of your choice in the three months before you were invited to apply for this visa, with details of how those assets were acquired, including the source of funds
  • evidence of your ownership of each asset, its value, and liabilities (if any) against the asset (for example, mortgages, credit cards and loans, including unsecured and third-party loans):
    • for assets held by a trust: the trust deed
    • for cash assets: bank statements, all less than three months old, with the same date of issue
    • for real estate assets: title deeds, valuation certificates by an accredited property valuer, and mortgages
    • for business assets other than the main business: business registration certificates; evidence of shared ownership; full set of financial statements for two of the four fiscal years before you were invited to apply (prepared by an independent accountant to International Accounting Standards and including a balance sheet, profit and loss statement and notes to the accounts)
    • for personal or business loans: loan agreements, loan statements indicating the amount borrowed and the repayment schedule, and loans listed in the business balance sheet (for loans to or from a business)
    • for stocks and bonds: share or bond registers, share/fixed interest securities, debentures or transfer certificates.
  • if a publicly listed company operates any of your qualifying businesses: evidence that you, your partner or you and your partner combined own at least 10 per cent of the issued shares of the publicly listed company
  • evidence of a business plan to indicate your intentions and efforts to actively participate in and manage the qualifying business, describing your proposed business activities in Australia and indicating how they will benefit Australia economically
  • label each document so that it clearly identifies the eligible investment. Cross-reference the investment to the appropriate item in the Statement of Assets and Liabilities Position (SALP) on Form 1139A - Statement of Assets and Liabilities Position (68KB PDF).

Points test documents

Provide documents only for items for which you seek to be awarded points.

English language ability

  • To be awarded points for higher English language ability you must demonstrate that you have either vocational English or proficient English.

Qualifications

  • a certified copy of the trade qualification, diploma or bachelor degree used to claim points.

Net assets

  • provide three consecutive snapshots of your financial situation throughout the two fiscal years prior to the time of invitation to apply for the visa using Form 1139A - Statement of Assets and Liabilities Position (SALP) (68KB PDF).

Business turnover

  • a full set of financial statements for the business, for two of the four fiscal years before you were invited to apply for this visa, prepared by an independent accountant to International Accounting Standards, including a balance sheet, profit and loss statement and notes to the accounts.

Business experience

  • evidence that you have been engaged in business activities for either:
    • at least four years in the five years immediately before you were invited to apply for this visa
    • at least seven years in the eight years immediately before you were invited to apply.
  • corporate ownership records, business financial statements, taxation records, trust deeds or other documents demonstrating your history in business.

Investment experience

  • evidence that you have been engaged in investment activities for either:
    • at least four years in the five years immediately before you were invited to apply for this visa
    • at least seven years in the eight years immediately before you were invited to apply.
  • documentary evidence for the first year that will establish your history of investment experience. For example, if you are seeking to demonstrate investment experience of more than seven years, provide evidence of investment activity for the first of the seven years immediately before the time of invitation
  • a statement of assets and liabilities for the first and each subsequent year for the claimed period of investment experience to indicate that the eligible investments had a value of not less than AUD100 000 throughout the claimed investment period:
  • a statement of management of the investments over the claimed investment period.

Innovation

  • registered patent or design:
    • documentary evidence issued by the relevant national or regional intellectual property administration office to prove ownership, including sufficient information to allow an assessment of whether your ownership meets the requirement for the award of points
    • a detailed statement outlining how the registered patent or registered design is relevant to the operations of your main business and how it is applied in the day-to-day activities of the business. You must be able to provide evidence to support any claims made in the statement if we ask you to.
  • registered trademark:
    • documentary evidence issued by the relevant national or regional intellectual property administration office to prove ownership of the trademark. The documents must include sufficient information to allow an assessment of whether your ownership meets the requirement for the award of points
    • a detailed statement outlining how the trademark is relevant to the operations of your main business and how it is applied in the day-to-day activities of the business. You must be able to provide evidence to support any claims made in the statement if we ask you to.
  • joint venture agreement: A copy of the agreement showing:
    • the details of the respective rights and obligations of the parties to the joint venture
    • that the agreement was entered into at least one year before you were invited to apply for this visa, and that your business is a party to the joint venture.
  • joint venture agreement: A detailed statement outlining:
    • how you used your skills when actively participating at a senior level in the day-to-day management of the joint venture business evidence to support the claims made in the statement
    • that the joint venture was operated in accordance with the joint venture agreement.
  • export trade: Evidence that at least 50 per cent of the turnover of your main business related to export trade for at least two of the four fiscal years before you were invited to apply for this visa, such as:
    • monthly or annual tax returns showing the cumulative export sales of the main business for the year
    • customs declarations
    • the underlying source documents in relation to the export transactions.

You might be required to provide a special-purpose report prepared by a qualified accountant attesting to your claim.

  • gazelle business:
    • a business licence or company extracts that show your main business was registered no more than five years before you were invited to apply for this visa
    • the financial statements of the main business, with supporting tax documents, to show an average annualised growth in turnover greater than 20 per cent per year over three consecutive fiscal years
    • evidence that you have had 10 or more full-time employees for at least one fiscal year of in the same consecutive three-year period claimed for growth in turnover, such as taxation records, insurance or superannuation documents or similar business records identifying each employee by name.
  • receipt of grant or venture capital funding:
    • certified copies of a grant letter and bank records to show the transfer of a government grant of at least AUD10 000 from the government to you or your main business
    • a copy of the final contract entered into between you and the venture capital firm and evidence of the receipt of the venture capital funding of at least AUD100 000
    • evidence that funding from either the government grant or a venture capital firm was received within the four years before you were invited to apply for this visa.