Senior Executives (Provisional) (Subclass 161)
This visa is for senior executive employees of a major overseas business, who have significant net assets and a genuine and realistic commitment to participate in the management of a new or existing business in Australia.
The following main criteria should be met:
- You are aged less than 45 years at time of application;
- You have vocational English;
- For at least 2 of the 4 years immediately before the application is made, you have occupied a position in the 3 highest levels of the management structure of a major business in which you were responsible for strategic policy development affecting a major component or a wide range of operations of that major business;
- Your (or your and your spouse or de facto partner’s combined) business and personal assets, have a net value of at least AUD500,000, which are lawfully acquired and available to transfer to Australia within 2 years after the grant of a Senior Executive (Provisional) visa.
State/Territory Sponsored Senior Executive (Provisional) (Subclass 164)
This visa is for senior executive employees of a major overseas business, sponsored by a state or territory of Australia, who have significant net assets and a genuine and realistic commitment to participate in the management of a new or existing business in Australia.
The following main criteria should be met:
- You are aged less than 55 years at time of application or you are proposing to establish or participate in a business that your sponsoring state or territory has determined is of exceptional economic benefit to the state or territory;
- For at least 2 of the 4 years immediately before the application is made, you have occupied a position in the 3 highest levels of the management structure of a major business in which you were responsible for strategic policy development affecting a major component or a wide range of operations of that major business;
- Your (or your and your spouse or de facto partner’s combined) business and personal assets have a net value of at least AUD250,000, which are lawfully acquired and available to transfer to Australia within 2 years after the grant of a State/Territory Sponsored Senior Executive (Provisional) visa.
