Business Program Update
- The BSMQ business program will close tonight at 12am (midnight AEST) on 24 February 2021. EOIs submitted on Skillselect before this time will picked-up and considered for nomination.
- Applications already invited and under consideration will continue to be assessed.
- We are closing due to the significant backlog of applications currently in our pipeline.
- BSMQ will advise in April whether we will open again for the 2020-21 program year.
491 - Small Business Stream Update
- From 1 April 2021 the pre-existing business purchased will need to have been in operation for 2 years instead of 1 year.
- There will also need to be a minimum purchase price of $100,000 (rather than total investment in the business).
- Furthermore, sub-leases of franchises (such as petrol stations), and home-based businesses (such as courier and cleaning businesses) will not be considered.
- These requirements are aimed at ensuring the program is sustainable in the long-term.
Please note: businesses that have been purchased prior to 1 April 2021 are not subject to these requirements.
Source: https://migration.qld.gov.au/