188.229
In forceVolume 2Schedule 2, Subclasses 010 to 801
Schedule 2Provisions with respect to the grant of Subclasses of visas
188.229
(1)
The applicant genuinely has a realistic commitment to:
(a)
establish a qualifying business in Australia; or
(b)
participate in an existing qualifying business in Australia.
(2)
The applicant genuinely has a realistic commitment to:
(a)
maintain a substantial ownership interest in the qualifying business mentioned in subclause (1); and
(b)
maintain a direct and continuous involvement in the management of the qualifying business from day to day, and in the making of decisions that affect the overall direction and performance of the qualifying business, in a manner that benefits the Australian economy.
This Act’s bill:Explanatory statement
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