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The Australian government announced that they will not provide any new allocations for the business innovation and investment (provisional) (subclass 188) visa and will close the program permanently in July.
Key Points:
Additional Information: As part of the Migration Strategy, the government announced that it will discontinue the business innovation and investment program as a new talent and innovation visa is being considered and a new national innovation visa is expected to be available at the end of 2024.
BAL Analysis: Refunds for the subclass 188 visa application charge will be available in September if an applicant decides to withdraw their application. BAL will provide updates as information becomes available.
This alert has been provided by the BAL Global Practice Group.
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