Closure of the Business Innovation and Investment Program (BIIP) (Subclass 188)

Validated finding · five-country-2010-20260922-v118-evidence-presentation-fix

CountryAustralia

Operative dateJuly 31, 2024

CategoryBusiness and investment migration

Policy toolProgram abolition / visa stream closure

Affected groupBusiness/investor migrants

Policy effect

The Business Innovation and Investment Program (Subclass 188) was formally closed to all new applications [search_result]. The Government announced refund arrangements for unfinalized applicants wishing to withdraw.

Official source excerpt

Quoted verbatim from the official source below. Ellipses indicate omitted text.

BIIP closure and refunds Skip to navigation Skip to main content Loading  Select language English You have entered feedback mode. Right click on translated text to report Menu  Menu Home Affairs Portfolio Immigration and citizenship Search pop-up content starts  Back Search Search Popular searches Your previous searches pop-up content ends ImmiAccount Visa Entitlement Verification Online (VEVO) My Tourist Refund Scheme (TRS) BIIP closure and refunds Page Content The Business Innovation and Investment Program (BIIP) closed permanently to new applications on 31 July 2024. … We will continue to process applications made before this date in line with the permanent Migration Program planning levels and skilled visa processing priorities. Visa Application Charge refunds You may be able to get a refund of the Business Innovation and Investment (subclass 188) Visa Application Charge (VAC) if you withdraw your application on or after 31 July 2024. Refunds are available for these streams: Business Innovation Investor Significant Investor Entrepreneur Refunds are not available for these streams: Business Innovation Extension Significant Investor Extension. Refunds are …

Department of Home Affairs [search_result]Department of Home Affairs, "Closure of the Business Innovation and Investment Program (BIIP)," July 2024 [search_result].Open official source

Retrieved from https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-listing/business-innovation-and-investment-188

Review method

Two separate automated exact-claim source reviews

Automated source validation is not independent human legal review. The finding should not be treated as legal advice. Record fcp3-19702d5e6891301b855f. Something wrong? Flag this record.

Closure of the Business Innovation and Investment Program (BIIP) (Subclass 188)

Policy effect

Official source excerpt

Review method

Other Australia changes operative in 2024