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The National Innovation visa (subclass 858) (NIV)

The National Innovation visa (subclass 858) (NIV)

Business Buying Knowledge

The National Innovation visa (subclass 858) (NIV)

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19/12/2024
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The National Innovation visa (subclass 858) (NIV) is a permanent visa for exceptionally talented migrants from across the world. These migrants will help create jobs and drive productivity growth in key sectors of the Australian economy.

The NIV is for established and emerging leaders with high-calibre talent and skills who can make significant contributions that will benefit Australia’s future prosperity.

This includes:

global researchers
entrepreneurs
innovative investors
athletes and creatives who can make significant contributions that will benefit Australia’s future prosperity.

The Department of Home Affairs will extend invitations in the following priority order, with priority one being the highest:

Priority one Exceptional candidates from any sector who are global experts and recipients of international ‘top of field’ level awards.
Priority two Candidates from any sector nominated on the approved Form 1000 by an expert Australian Commonwealth, State or Territory Government agency.
Priority three Candidates with exceptional and outstanding achievements in a Tier One sector:

• Critical Technologies

• Health Industries

• Renewables and low emission technologies

Priority four Candidates with exceptional and outstanding achievements in a Tier Two sector:

• Agri-food and AgTech

• Defence Capabilities and Space

• Education

• Financial Services and FinTech

• Infrastructure and Transport

• Resources

The ordinary people would not be considered as qualified for Priority One and Priority Two. So let us focus on Priority Three and Priority Four. Priority Three will focus on Tier One Sector and Priority Four will focus on Tier Two Sector. So let us talk about the two sectors with full information of technology and investment regarded as qualified.

Tier One Priority Sector:

Critical technologies

Potentially transformative enabling technology. This includes artificial intelligence, advanced robotics and cyber security technology.

This sector includes, but is not limited to, the following specialisations:

advanced information and communication technology
advanced manufacturing and materials technology
artificial intelligence technology
autonomous systems
biotechnology
clean energy generation and storage technology
cyber security technology
quantum technology
photonics
robotics
positioning, timing and sensing technology.

Renewables and low emission technologies

Technology that will support Australia to reach net zero.

This sector includes, but is not limited to, the following specialisations:

bio-methane production
circular economy innovations
clean energy technology
emission reduction and carbon storage
green metals
low-carbon liquid fuels
processing and refining of critical minerals
renewable energy generation
transmission, distribution or storage
renewable hydrogen
Waste to Energy (WtE) technology.

Health Industries

Innovation in medical manufacturing and sovereign capabilities in medical science.

This sector includes, but is not limited to, the following specialisations:

antimicrobial resistance
artificial intelligence in health
biochemistry and cell biology
biotechnology
genomics
emerging health threats and emergencies
health economics
implantable and wearable devices
infectious disease prevention
pharmaceuticals and precision medicine
medical science manufacturing for therapeutic products.

2. Tier Two Priority Sector:

Agri-food and AgTech

Innovation or value-adding in agriculture, forestry and fisheries sectors.

This sector includes, but is not limited to, the following specialisations:

biotechnology
biosecurity and disease management
farm management technology
food technology
processing primary industry outputs into higher value goods
innovation and sustainability in agriculture, forestry and fisheries
manufacturing of products for use in or connection with primary industries.

Education

Academia, research or management in universities and higher learning institutions.

This sector includes, but is not limited to, the following specialisations:

senior management of universities and higher learning institutions
senior academics and researchers at Australian academic level D or E (or international equivalent).

Defence Capabilities and Space

Advancing sovereign defence and space capability.

This sector includes, but is not limited to, the following specialisations:

development, manufacturing and sustainment of products that are inputs to defence capability
electromagnetic technologies
propulsion systems
space objects
space systems engineering
space sector enabling skills.

Financial Services and FinTech

Advancing innovation in the financial services or technology industries.

This sector includes, but is not limited to, the following specialisations:

innovations in application programming
blockchain engineering
cloud technologies
FinTech cyber and data security
financial data science and analysis
software engineering.

Infrastructure and Transport

Advancing innovation in the transport sector and infrastructure projects.

This sector includes, but is not limited to, the following specialisations:

innovative manufacturing and technologies to support the development of the transport sector
large and complex transport infrastructure projects for roads, bridges, tunnelling, rail and airports.

Resources

Innovation, product development or value adding in resource sectors or critical minerals supply chains.

This sector includes, but is not limited to, the following specialisations:

automation and industry 4.0 skills
beneficiation technology
critical and battery minerals
exploration services
geology and metallurgy
oil and gas decommissioning
resource waste management
value-add in resource sectors including manufacturing products and technologies to advance mineral processing.

The NIV targets applicants with an internationally recognised record of exceptional talent and who are prominent in their field. It means that Australian does not need investors without talent and skills but only investment in simple businesses.

The eligible applicants must have a minimum Functional English language proficiency (IELTS 4.5) or make payment of a second instalment of the Visa Application Charge. It means language is not a barrier.

The applicant can be at any age. But the applicant is under 18 years old, or is 55 years or older, the applicant must be of exceptional benefit to the Australian community.

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In considering for information on business(es) offered for sale by Sinosmart Business Brokering Pty Ltd trading as Sinosmart Business Brokering (herein after called Sinosmart), I/We, being the people named in the Agreement set out below, acknowledge that we are prospective Buyers of the business described in the Agreement and in consideration of you and the Seller allowing us to inspect a business profile and other material relating to the business and/or the Seller’s agreement and your arrangement on the Seller’s behalf to allow us to inspect the business, we acknowledge and agree as follows:

In relation to this listing: -

The business profile and material may include: i. non-verified and unaudited trading results and/or profit and loss reports; ii.related industry averages and/or approximate costs/expenses, projected trading estimates.

That the profile and its information are to be used and accepted as a guide only. All information contained in it is our responsibility to verify and confirm, and we agree not to hold Sinosmart and/or its salespersons and authorised personnel responsible for its accuracy, liability, or loss suffered by us in relation to the information contained in the profile.

The business profile and material and all things connected and related to this material are confidential and we agree not to disclose them to any other person except our legal, accounting, financial advisers and bankers but then only on the basis that they have to provide to us their agreement, prior to receipt of the material, to keep this information confidential unless the Seller’s prior written consent is first obtained to allow disclosure of this material to that party.

I/We acknowledge that, as a result of perusing the business profile and material, and during the course of the inspection of the business, we will become aware of information regarding the operation of the business and in particular the marketing of the business which is personal to the seller and which has real financial value to the Seller. We acknowledge that, should such information become known to the Seller’s competitors or other parties interested in setting up a similar business in opposition to the Seller, or used by ourselves in the operation of a similar business, these actions could cause financial hardship to the Seller and therefore the Seller might seek compensation.

All inspections of the business are to be by appointment, arranged through Sinosmart only, and we agree not to attempt to inspect the business or the premises upon which the business is carried on, or contact the Seller direct other than through and with Sinosmart. I/We have been introduced to the business(es) by Sinosmart and/or its personnel.

I/We confirm that we have not and will not make any approaches, or attempt to contact the owner or staff of the business and at all times will maintain the confidentiality of the business and all information provided by Sinosmart.

I/We further understand that if this agreement is breached, it may result in legal action being commenced to recover all losses caused by a breach of this agreement.I/We understand that Sinosmart, its agents and/or its personnel are not Investment or Financial advisors. Its role in this matter is to simply relay information, on the below mentioned business(es) as provided by the Sellers, in its capacity as a representative of the Seller. Furthermore, I/we acknowledge that we agree to the above conditions.

In considering for information on business(es) offered for sale by Sinosmart Business Brokering Pty Ltd trading as Sinosmart Business Brokering (herein after called Sinosmart), I/We, being the people named in the Agreement set out below, acknowledge that we are prospective Buyers of the business described in the Agreement and in consideration of you and the Seller allowing us to inspect a business profile and other material relating to the business and/or the Seller’s agreement and your arrangement on the Seller’s behalf to allow us to inspect the business, we acknowledge and agree as follows:

The business profile and material may include:
i. non-verified and unaudited trading results and/or profit and loss reports;
ii.related industry averages and/or approximate costs/expenses, projected trading estimates.
That the profile and its information are to be used and accepted as a guide only. All information contained in it is our responsibility to verify and confirm, and we agree not to hold Sinosmart and/or its salespersons and authorised personnel responsible for its accuracy, liability, or loss suffered by us in relation to the information contained in the profile.
The business profile and material and all things connected and related to this material are confidential and we agree not to disclose them to any other person except our legal, accounting, financial advisers and bankers but then only on the basis that they have to provide to us their agreement, prior to receipt of the material, to keep this information confidential unless the Seller’s prior written consent is first obtained to allow disclosure of this material to that party.
I/We acknowledge that, as a result of perusing the business profile and material, and during the course of the inspection of the business, we will become aware of information regarding the operation of the business and in particular the marketing of the business which is personal to the seller and which has real financial value to the Seller. We acknowledge that, should such information become known to the Seller’s competitors or other parties interested in setting up a similar business in opposition to the Seller, or used by ourselves in the operation of a similar business, these actions could cause financial hardship to the Seller and therefore the Seller might seek compensation.
All inspections of the business are to be by appointment, arranged through Sinosmart only, and we agree not to attempt to inspect the business or the premises upon which the business is carried on, or contact the Seller direct other than through and with Sinosmart. I/We have been introduced to the business(es) by Sinosmart and/or its personnel.
I/We confirm that we have not and will not make any approaches, or attempt to contact the owner or staff of the business and at all times will maintain the confidentiality of the business and all information provided by Sinosmart.
I/We further understand that if this agreement is breached, it may result in legal action being commenced to recover all losses caused by a breach of this agreement.I/We understand that Sinosmart, its agents and/or its personnel are not Investment or Financial advisors. Its role in this matter is to simply relay information, on the below mentioned business(es) as provided by the Sellers, in its capacity as a representative of the Seller. Furthermore, I/we acknowledge that we agree to the above conditions.

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