BI11.30 Changing a business proposal (04/07/2005)

If the principal applicant has had a business proposal approved and subsequently wants to change the proposed business they must seek the consent of a business immigration specialist to the change. This must be done by submitting a new proposal on the approved form and paying the fee. Consent may be given if a business immigration specialist is satisfied that:

1. there are genuine reasons for abandoning the original business proposal; and
2. there is a plan for the proposed new business that meets the requirements for a business plan as set out in this policy; and
3. the applicant has business experience relevant to the proposed new business; and
4. the principal applicant has access to sufficient capital to finance the proposed new business. This will include the investment funds withdrawn for the original business proposal, and any other available funds. If the funds withdrawn for the original business proposal exceed that required for the new business proposal then the difference in the funds will need to be reinvested with the Government.

Note: A permit may be revoked where the applicant is undertaking business activities which breach the conditions of their permit.

Effective 04/07/2005