Document checklist:

1. Company Name:
2. Shareholder details (name, date of birth, place of birth (including city), shareholding structure (percentage of share holding for each shareholder), officer holder/company secretary name, registered share capital). Please note that minimum 1 shareholder must be Australian resident.
3. correspondence address

Australian migration new policy -change and analysis

1. 160, 161, 162 (without state sponsor) 163,164,165 ( with state sponsor) will conversed into 188 application after 1/7/2012.
2. No minimum English requirement; but if proficient in English may obtain additional marks under the “Innovation Point Test” (“IPT”) system.
3. Financial figures under 188 are:
   1. business turnover from AUD800,000 to AUD2.25 million; IPT point from 5 to 35 points respectively, (i.e. higher turnover will obtain higher IPT points) and;
   2. Net business assets from AUD500,000 to AUD2 million; IPT point from 5 to 35 points respectively, (i.e. higher turnover will obtain higher IPT points). If the applicant has personal asset; he/she may also use them for their application; however, we could not perform any work on personal assets.
4. In order to obtain 188 application; the applicant need to pass IPT over 65 marks; factors are:
   1. Age (18 – 54) (15-30 points)
   2. English (5-10 points)
   3. Qualification (5-10 points)
   4. Business experiences (10-15 points)
   5. Investment experiences (10-15 points)
   6. Financial metrics (5-35 points) (i.e. Net business assets and Business turnovers)
   7. Innovation (5-15 points) (i.e. patent or design or trademarks or JV agreement)
   8. State nomination (10 points)
5. Reporting changes are summaries as follows:
   1. 163, 164, 165 (qualified business) convert to 188 if no business net assets is requires and only perform work on business turnover ISRS4400 (i.e. everything will be the same as before).
   2. 132 and 188 request to perform review for applicant’s business net assets need to report under ISRE2400.