Commonwealth of Australia
 
Migration Regulations 1994
 
INDUSTRY ASSOCIATIONS AND MEMBERSHIP LEVELS
(Paragraphs 132.232(3)(a) and (b))
 
I, CHRIS BOWEN, Minister for Immigration and Citizenship, acting under paragraphs 132.232(3)(a) and (b) of Schedule 2 to the Migration Regulations 1994 (‘the Regulations’):
 
1.         SPECIFY for the purposes of paragraph 132.232(3)(a) of Schedule 2 to the Regulations that the Australian company must be a member of the industry body The Australian Private Equity and Venture Capital Association Limited; AND
2.         SPECIFY for the purpose of paragraph 132.232(3)(b) of Schedule 2 to the Regulations  that the category of membership must be Venture Capital Membership.
 
This Instrument, IMMI 12/052, commences on 1 July 2012 immediately after the commencement of the Migration Amendment Regulation 2012 (No. 2).
 
 
 
Dated 12 June 2012  
 
 
 
CHRIS BOWEN
Minister for Immigration and Citizenship
 
 
 
 
 
[NOTE 1:                Paragraph 132.232(3)(a) of the Regulations provides that a criterion for the Venture Capital Entrepreneur stream of the Subclass 132 (Business Talent) visa is that the Australian company is a member of an industry association or similar body specified by the Minister in an instrument in writing.
NOTE 2:  Paragraph 132.232(3)(b) of the Regulations provides that the Australian company holds a category of membership of the industry association or similar body specified by the Minister in an instrument in writing.]