About this Visa
This visa was developed in recognition that an emerging number of Independent Executive visa holders in Australia were facing expiry of their visa, but were legitimately in Australia and required time to be eligible to apply for permanent residence under the:
- Established Business in Australia (Subclass 845)
- Regional Established Business in Australia (Subclass 846)
- State/Territory Sponsored Business Owner (residence) (Subclass 892)
See: Information form 1215i Independent executives and permanent residence (88KB PDF file)
Who is this visa for?
This visa is only for existing holders of a Temporary Business (Long Stay) Independent Executive visa (Subclass 457IE) who need more time to be eligible to apply for one of the visas listed above.
New applicants for subclass 457 visas should apply for a Temporary Business (Long Stay) - Standard Business Sponsorship.
See: Temporary Business (Long Stay) - Standard Business Sponsorship (Subclass 457)
How much will the visa cost?
You must pay a non-refundable visa charge when you lodge your visa application.
See: Business Development Visa Charges
What does this visa let me do?
This visa allows you to:
- remain in Australia to continue business activities as an owner
- leave and re-enter Australia as long as the visa is valid