
More foreign technology entrepreneurs will be allowed to stay in Australia under changes that come into effect next November.
Prime Minister Malcolm Turnbull’s Innovation Statement laid out a plan to allow international businesspeople to apply for new temporary entrepreneurs visas. The visas will depend on how innovative their start-up idea is, how much growth potential it has and their level of financial backing from a third party.
International post-graduate technology and science graduates will be fast-tracked to permanent residency by gaining more points towards gaining skilled independent visas, making their application more likely to be successful – a measure to come into effect from December next year.
source: http://www.mia.org.au/newsletters/id/1513/idString/koywhd4426