Important Update: Changes to the Business Innovation and Investment Visa Program

immigration consultant
Expert Knowledge, Seamless Immigration Advice.

Contact Us

Book A
Consultation

Call Us

Home - Important Update: Changes to the Business Innovation and Investment Visa Program

  • Ian Singer View Profile
    Director & Principal Registered Migration Agent (MARN 0001947)
  • May 21, 2024
Important Update: Changes to the Business Innovation and Investment Visa Program

Federal Budget Announcement 2024-2025

AustraliaMigrate would like to inform our clients and visitors about a significant update from the Australian Federal Budget for the financial year 2024-2025. The government has announced the removal of the entire Business Innovation and Investment Visa Program (BIIP). This means that the Business Innovation and Investment visas will no longer be available.

Key Details:

  • Program Cease Date: The Business Innovation and Investment Visa Program will officially cease operations. Details are to be confirmed.
  • Refunds Available: Visa application charges will be refunded from September 2024 for those who wish to withdraw their BIIP application (Budget paper 2, p 136).

Next Steps and Alternative Visa Options

At AustraliaMigrate, we understand that this change may impact many individuals and businesses planning to apply for a business visa. While the BIIP will no longer be an option, we are here to assist you in exploring alternative visa pathways.

How We Can Help:

  • Alternative Visa Options: Our experienced migration consultants can help identify other visa options that may be suitable for your circumstances.
  • Personalized Assessment: We offer personalized assessments to help you find the best visa strategy moving forward.
  • Consultations Available: Book a consultation with us to discuss your specific situation and get expert advice on your visa options.

Get Started:

We are committed to helping you navigate these changes and find the best possible solutions for your migration needs. If you have any questions or need further assistance, please do not hesitate to contact us.

Latest News

Subclass 820/801 Onshore Partner Visa: Decision-Ready in 2026

Share via AI:ChatGPTClaudePerplexityGeminiGoogle AI The Subclass 820/801 is the onshore Australian partner visa pathway for spouses and de facto partners of Australian citizens, permanent residents and eligible New Zealand citizens. …

Read More

Sponsorship Visa Australia: Requirements for the Subclass 482 Visa Explained

Share via AI:ChatGPTClaudePerplexityGeminiGoogle AIThe Subclass 482 visa is still the main way Australian employers can sponsor skilled overseas workers — but the rules behind it have changed. Since 7 December …

Read More

Need a Partner Visa in Australia? Here’s Your 2026 Guide

Share via AI:ChatGPTClaudePerplexityGeminiGoogle AIApplying for a partner visa in Australia is a multi-stage process that requires a high level of organisation, financial investment, and emotional transparency. With the partner visa cost now sitting at $9,365 …

Read More

Partner Visa Processing Time Australia: 2026 Timelines for Every Subclass

Share via AI:ChatGPTClaudePerplexityGeminiGoogle AIPartner visa processing time is one of the first things couples ask about — and one of the hardest numbers to pin down. The honest answer is …

Read More
[instagram-feed feed=1]

Subscribe to our Newsletter

To get the latest immigration news

    Talk to us today. We'd love to hear from you.
    AustraliaMigrate Suite 601,
    10 Help Street, Chatswood
    NSW 2067 Australia

    Email us directly

    © 2026 AustraliaMigrate Pty Ltd | Designed & SEO by E-Web Marketing | LLMS