Australian Immigration Daily News

This instrument repeals Migration Regulations 1994 - Specification under paragraphs 132.232(3)(a) and (b) of Schedule 2 - Industry Associations and Membership Levels - June 2012 and changes the name of the industry association from The Australian Private Equity and Venture Capital Association Limited to the Australian Investment Council Limited.

The instrument also changes the specified category of membership of the industry association as Corporate Venture Capital Membership and Venture Capital Fund Manager Membership.

Item was registered on 23/11/2020
https://www.legislation.gov.au/Details/F2020L01455

The purpose of the amending instrument, LIN 20/189, is to amend LIN 19/216 to ensure that LIN 19/216, amongst other things, exempts certain applicants of the Subclass 186 and Subclass 187 visas in the Temporary Residence Transition stream from having to satisfy the age requirement at the time of application. Currently, under regulation 186.221 or 187.221 of Schedule 2 to the Regulations, an applicant for these visas must not have turned 45 at the time of their application.

However, subsections 6(1) and 7(1) of LIN 19/216 provides that applicants are exempt from satisfying this age requirement if they fall in a specified class of persons. One such class is Subclass 457/482 workers, which is defined in section 5 of LIN 19/216. A Subclass 457/482 worker is defined as a person who, after having worked for the nominating employer for 3 years, has had earnings equal to, or greater than, the high income threshold for each of the three years prior to making their application for a visa that this instrument applies to.

Source: LIN-20189.pdf

IMMI 18/052 operates to:
- provide that "specified person" means a person who, on 18 April 2017, held a Subclass 457 (Temporary Work (Skilled)) visa (Subclass 457 visa), or was an applicant for a Subclass 457 visa that was subsequently granted; and
- provide that these specified persons are specified for the purposes of subparagraph 5.19(5)(a)(iii) of the Regulations; and
- determine different periods of time for the purposes of paragraphs 5.19(5)(e), (f) and (g) of the Regulations for specified persons; and
- exempt specified persons from the operation of paragraph 5.19(5)(c) of the Regulations.

Source: LIN-20190.pdf

Migration Alliance received the following email from VETASSSESS:

The Migration Advice Industry Advisory Group met today at 11AM, online via WebEx.

Many ideas and opinions about the future shape of the Migration Profession were discussed under Chatham House Rules.

Migration Alliance will not be publishing details of the meeting on this website as the documents discussed have been classified OFFICIAL: SENSITIVE.