Australian Immigration Daily News

The Migration (Refund of Visa Application Charge) Amendment (Business Innovation and Investment Program) Instrument (LIN 24/062) 2024 specifies circumstances under which the first instalment of the Visa Application Charge (VAC) can be refunded for applicants of the Subclass 132 (Business Talent (Permanent)) visa and Subclass 188 (Business Innovation and Investment (Provisional)) visa.

Key Points:

• The Subclass 132 visa and Subclass 188 visa closed to new applications on 1 July 2021 and 31 July 2024, respectively.
• This instrument allows for a refund of the first instalment of the VAC for applications in the Business Innovation, Investor, Significant Investor, or Entrepreneur streams if:
  • The visa application has not been finalised.
  • The applicant submits a written request to withdraw the application on or after 31 July 2024.

Consultation:

Consultations were conducted with multiple government departments, including the Department of the Prime Minister and Cabinet, Department of Finance, Austrade, and relevant state and territory governments.

The instrument is exempt from parliamentary disallowance, and it was made by a delegate of the Minister for Immigration and Multicultural Affairs.

Source: LIN24062-24-Sept-2024.pdf and LIN24062-Explanatory-Statement-9-September-2024.pdf