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How this will work in practice
Sujee has been working on an idea for new battery technology, and has been successful in gaining financial backing from an approved investor to commercialise his idea. The new Entrepreneur Visa will allow Sujee to come to Australia on a provisional visa. If his business idea is successful, he will be able to become a permanent resident of Australia. As his business develops, it will create local jobs and growth.
Aiko has studied in Australia for many years and will soon graduate with a PhD in biochemistry. She would like to stay and work in Australia, but because she hasn’t yet obtained much work experience, she doesn’t meet the points test threshold to be eligible for a Skilled Independent Visa. Under the new arrangements, she will be eligible for more points, allowing her to stay in Australia and provide valuable skills for local businesses.