The Minister for Immigration and Citizenship has issued a new Legislative Instrument (IMMI 10/011) which imposes a cap of 6530 on the number Class EA and Class UR Business Skills visas that may be granted in the 2009/2010 financial year.

This was done under the provisions of section 85 of the Migration Act 1958.

The affected visa subclasses are:
Class EA
132 Business Talent (Migrant)
Class UR
160 Business Owner (Provisional)
161 Senior Executive (Provisional)
162 Investor (Provisional)
163 State/Territory Sponsored Business Owner (Provisional)
164 State/Territory Sponsored Senior Executive (Provisional)
165 State/Territory Sponsored Investor (Provisional)

This legislative Instrument is effective from 18 March 2010.

The granting of these business visas has not yet stopped, as 6530 visas have not yet been granted, but that number could be reached at any time.

Once 6530 of these business visas have been granted, no more will be granted until after 30 June 2010.

from MIA News Service
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