Changes to Australia's business and investment visas
The Business Innovation and Investment Program (BIIP) will be simplified from nine to four streams and there will be changes to eligibility requirements.
Acting Minister for Immigration, Citizenship, Migrant Services and Multicultural Affairs Alan Tudge said the changes would drive investment in key sectors and create Australian jobs.
“Almost $1.3 billion dollars was invested through the Business Innovation and Investment Program last year, investment that is critical to our COVID-19 economic recovery,” Mr Tudge said.
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