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Employer Nomination 186 and Regional Nomination 187 changes to start-up business policy

The Subclass 186 and 187 policy relating to start up businesses has changed from 1 July 2014.

This section has been removed from the latest policy:

Under policy, the nominator must demonstrate that their business has been actively operating for a period of at least 6 months before lodging a nomination. If the business has not operated for a period of at least 6 months, the nomination would not satisfy the relevant legislative requirement for active operation…The entity must have operated for a full period of 6 months from the time it ‘actively commenced operations to satisfy the requirement to be actively operating.

 

The following has been added to the latest policy:

A start-up business must provide business activity statements for each complete quarter from the time of commencement of operations up until the time the nomination is lodged. The start-up business will not be determined to have been actively operating until the ABN and/or ACN of the business has been registered in addition to the business physically operating.

The result of this is that, if a business has operated for a long period of time but has changed ownership or structure resulting in a new ABN and ACN being required, this business is now considered a start-up business.

 

Source: Migration Institute of Australia}

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