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ENS/RSMS – Changes to PAM3 Reg 5.19 – removal of s50AAA of the Corporations Act 2001

Following representations by the Migration Institute of Australia to the Department on their interpretation of Reg 5.19, this policy is to be changed. The nomination legislation will be updated from 1 July 2014.

The Department has determined that the previous policy, which utilised s50AAA of the Corporations Act to determine whether TRT applicants had worked for the same employer for two years was too restrictive, particularly where businesses have undergone change in the form of restructures,takeovers and sales.

The PAM3 changes will come into effect on 1 July 2014.

The updated policy advice will apply to all applications on hand at 1 July 2014, as well as all applications lodged from this date onwards.

 

Source: Migration Institute of Australia}

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