New visa rule means 5-day turnaround time for major investors
30 Aug 2019
Companies with major investments in Australia can quickly bring skilled
employers into Australia to fill temporary shortages, after implementation
of a change to the Accredited Sponsor Scheme for the Temporary Skill
Announced in March
, the scheme is accessible to companies that have invested over A$50
million in Australia. Investors must also have a track record of creating
local employment and successfully sponsoring other skilled migrants.
Approved companies can expect a visa turnaround time of five days.
‘By adding a new investment category to the Accredited Sponsor Scheme, the
Government is recognising the significant contribution foreign investment
makes to the Australian economy,’ says Lucy O’Connor, Manager, Migration
& Skills, Austrade.
‘The change allows overseas companies to fast track some of their visa
applications and will create more certainty and confidence for business,’
The new visa category will benefit a broad range of overseas investors,
from purchasing offices of Asia-Pacific importers, to major oil and gas
Details on eligibility criteria and how to register as an Accredited
Sponsor are available on the
Department of Home Affairs
Eligibility Criteria Accredited Sponsor Scheme, Category 5: Major Investment In Australia (131 KB)