Australian Business Entry Definitions

Applicant

The applicant is the person (or persons) applying for a visa to remain temporarily or permanently in Australia.

Appropriate Regional Authority

This refers to a Department or authority of an Australian State or Territory that is specified by Gazette Notice in relation to the grant of a Business Skills visa.

A$/AUD

This refers to the Australian Dollar equivalent value on the basis of the buying rate:

Australian mission

An Australian Embassy, High Commission, Consulate or Consulate-General or Australian Trade Commission.

Designated Investment

This refers to investment in a security issued by an Australian State or Territory government authority which is specified by the Minister by Gazette Notice for the purposes of Investor and State/Territory Sponsored Investor visa subclasses. More info

DIMIA

More info

DIMIA Office

A regional office of the Department of Immigration and Multicultural and Indigenous Affairs in Australia.

Eligible investment

Eligible investment in relation to a person means:

that is owned by the person for the person for the purposes of producing a return by way of income or capital gain and is not held for personal use.

Fiscal Year

Fiscal year in relation to a business or investment means:

Main Business

A business is considered a ‘main business’ in relation to the applicant if:

Major Business

In reference to the Senior Executive (temporary visa) category: Major business means a business (other than a government business enterprise) the annual turnover of which was not less than the equivalent of A$50,000,000 in each of the any two of the four fiscal years immediately preceding the making of the application.

In reference to the State/Territory Sponsored Senior Executive (temporary visa) category: Major business means a business (other than a government business enterprise) the annual turnover of which was not less than the equivalent of A$10,000,000 in each of any two of the four fiscal years immediately preceding the making of the application.

Net Assets

The net assets of a business is the amount attributabloe to the owners or shareholders of the business after deducting financial claims upon the business by third parties from total assets (ie. Net assets = total assets – liabilities).

Ownership interest

In relation to a business, this term means an interest in the business area:

Provisional

A provisional visa under the Business Skills Category means a temporary four-year visa.

Qualifying Business

This refers to an enterprise that:

Vocational English

In relation to an applicant this term means that the applicant can read and understand a variety of texts in English with reasonably good comprehension; the applicant can write English well enough to communicate effectively for most purposes; the applicant can understand spoken English quite competently in a range of situations; the applicant can speak English fairly fluently and accurately in a range of contexts.