On 25 May 2012, the Minister for Immigration and Citizenship, the Hon Chris Bowen MP announced changes to the Business Skills visa program - now named the Business Innovation and Investment program. These changes will be implemented from 1 July 2012.
The changes are the result of a comprehensive review which was conducted during 2011.
See:
Reforms to the Business Skills Program ( 69KB PDF file)
Frequently Asked Questions Reforms to the Business Skills Program ( 73KB PDF file)
Diagram of Changes for the Business Skills Program (115KB PDF file)
Innovation Points Test ( 72KB PDF file)
Significant Investor ( 61KB PDF file)