Migration Regulation - F2016L01391 - Migration Amendment (Entrepreneur Visas and Other Measures) Regulation 2016, creates these new streams within the Business Innovation and Investment visa class, to provide a pathway to permanent residence for:

* high calibre entrepreneurs with financial backing from third parties in Australia,

* who are nominated by a State or Territory government, and

* who meet residence requirements, and

* complete successful entrepreneurial activities in Australia

The Regulation also amends the Skilled Migration points test to provide additional points for applicants who:

* have completed at least two full academic years of post-graduate studies at doctoral or masters (research) level

* in specified fields, which may include science, technology, engineering, mathematics, or information and communication technology

This Instrument commences on 10 September 2016.