01 July 2003
Subclass 457 - Business (Long Stay) Visa
From 1 July 2003, immigration law has been amended to give effect to changes to temporary business sponsorship, nomination and visa application and lodgement processes.
The amendment involves a revision of the subclass 457 sponsorship, nomination and visa application requirements, covering:
- simplification of the sponsorship and nomination arrangements for applicants for a subclass 457 (Business (Long Stay) visa, providing for:
- a single sponsorship, combining the previous Pre Qualified Business Sponsorship (PQBS), Standard Business Sponsorship (SBS) and arrangements for overseas businesses to nominate subclass 457 positions (commonly known as overseas business sponsorship
- a single nomination arrangement; and
- standardised fee structure for sponsorships and nominations.
From 1 July 2003 businesses in Australia or overseas will apply for approval as business sponsors. Approval of a standard business sponsorship will be subject to the provisions of regulation 1.20D (for Australian businesses) or regulation 1.20DA (for overseas businesses). The sponsorship approval will be for a specified number of nominations. The approval will remain in force for a period of two years, or until all the nominations have been filled, or until the sponsorship approval is cancelled, whichever comes first.
There will be a fee of $250 for each temporary business sponsorship application lodged on or after 1 July 2003. There will be a further fee of $50 for each nomination lodged under a standard business sponsorship where the sponsorship application was lodged on or after 1 July 2003. A fee of $50 will also apply to all nominations lodged under labour agreements which were entered into (i.e., signed by all parties to the agreement) on or after 1 July 2003.
Sponsorship applications by Australia businesses;
- nomination applications under approved sponsorships by Australian businesses, labour agreements or regional headquarters agreements; and
- visa applications in relation to approved sponsorships by Australian businesses, labour agreements or regional headquarters agreements.
Temporary business sponsorship and nomination applications will be submitted on new form 1196.