Exploration of the Business Innovation and Investment Programme

The Government has received a response from the Joint Senate Committee on their inquiry in to the Business Innovation and Investment Programme (BIIP) in late March 2015.

The Committees’ report recommended that the Department of Immigration and Border Protection (DIBP) shift their focus to ensure suitability and attainability of the objectives set for the BIIP and also scrutinized the role that the States and Territories have in administering the BIIP.

The Report recommends that the programme should instead be solely administered by the Commonwealth and also recommends a greater promotion and marketing of the programme to achieve projected results.

The Committee further called for the removal of the ability for the secondary visa applicant to become the primary applicant and detailed the need for attracting investment in regional Australia.

The Government is likely to respond on any upcoming changes to the BIIP and expected timeframes in the coming months.

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