Home Affairs Legislation Amendment (2021 Measures No. 1) Regulations 2021 dated 24 June 2021 [“the Regulations”] amend the Migration Regulations 1994 and the Australian Citizenship Regulation 2016 to make changes to the criteria and conditions of Business Innovation and Investment Program and working holiday maker visas. It also changes the citizenship fees for applications received by the Department on or after 01 July 2021.
The Regulations comprise seven schedules, including amendments to Business Innovation and Investment Program, Working holiday maker visas, Bridging visa amendments, manner of reporting on arriving overseas passengers and crew members, changes to citizenship fees, payment of citizenship fees in foreign currencies, and relevant application, saving and transitional provisions. Regarding Business Innovation and Investment Program, it also includes revised conditions and number of points for Investor experience qualifications—Investor stream only, financial asset qualifications and business turnover qualifications.
The Regulations are registered on the Federal Register of Legislation on 25 June 2021, commenced on 01 July 2021 and are currently in force.
To access the full amendment, click here.