This is a permanent visa for entrepreneurs, investors and business owners to continue their business activities in Australia. You must meet certain requirements for either stream you apply for.

Requirements for each stream are:

• Must have held this visa for at least 3 years
• Must have a current nomination from a state or territory government 
• You must have been in Australia for at least 1 year in the 3 years prior to application
• For the 2 years immediately before you apply, you must have:
• had, and continue to have, an ownership interest in up to two main businesses
• had a direct and continuous management role in that business or businesses
• submitted Business Activity Statements to the Australian Taxation Office
• an Australian Business Number for each of your main businesses
• For the 2 years immediately before you apply, you must own at least one of the followings:
• 51% of the total value of a business with a turnover of less than AUD400,000 per year
• 30% of the total value of a business with a turnover of AUD400,000 or more per year
• 10% of the total value of a business that is operated by a publicly listed company
• Your main business or businesses had an annual turnover of at least AUD300,000 in the 12 months prior to application
• For the 12 months immediately before you apply, you must show at least 2 of the following:
• assets of AUD200,000 net value in your main business (or 2 main businesses) 
• personal and business assets in Australia of AUD600,000 net value
• equivalent of at least 2 full-time eligible employees in your main business who are Australian citizens, Australian permanent residents, or holders of valid New Zealand passports
• Have Functional English
• You must have a realistic commitment to continuing your business and investment activities in Australia
• Not have had a visa cancelled or a previous application refused