The Department of Home Affairs has released a handy new fact sheet: Streamlining the Business Innovation and Investment (BIIP) that provides a concise overview of the pre and post 1 July 2021 program requirement changes that have now come into effect.
The newly introduced requirements are in response to the Departments inquiry ‘Business Innovation and Investment Program: Getting a better deal for Australia’ which recommended better streamlining of the program.
Head to the Department website for access to the BIIP Fact Sheet and for further information on the aforementioned inquiry click here.