• You must have held your Business Innovation and Investment (Provisional) visa for at least 3 years.
• Have a current nomination from a state or territory government agency.
• For the whole period during which you held your Business Innovation and Investment (Provisional) visa (subclass 188), have held AUD5 million in a ‘complying investment’ or a ‘complying significant investment’.

• you must have been in Australia for at least the number of days worked out by adding the results of paragraphs (a) and (b):

(a) 40 multiplied by the number of complete years in the period in which you held a subclass 188 visa in the Significant Investor stream, and

(b) 40 multiplied by the number of years (if any) (treating a part of a year as one year) in the period in which you held a subclass 188 visa in the Significant Investor Extension stream

or

• your spouse or de facto partner who is the primary visa holder must have been in Australia on a subclass 188 visa, granted on the basis that you held a subclass 188 visa in the Significant Investor stream or the Significant Investor Extension stream, for at least the number of days worked out by adding the results of paragraphs (a) and (b):

(a) 180 multiplied by the number of complete years in the period in which you held a subclass 188 visa in the Significant Investor stream, and

(b)180 multiplied by the number of years (if any) (treating a part of a year as one year) in which you held a subclass 188 visa in the Significant Investor Extension stream.

• Not have been involved in unacceptable business or investment activities.

• Have a realistic commitment to continuing business or investment.

• Meet our health and character requirement.
• Not have had a visa cancelled or a previous application refused.