A very common pathway for skilled workers to gain their permanent residency is to apply under the 'Temporary Transition Stream' of the Subclass 186 (ENS) visa or Subclass 187 (RSMS) visa. Accordingly, this stream requires that applicants have worked for their sponsors for at least two years in their skilled occupation and are then nominated by their employer for permanent residency.
However, sometimes issues arise when during this 2 year period the employer re-structures or is sold to another entity who takes control of the pre-existing business. Importantly, it used to be the case that if a consequence of this type of business restructure/sale meant that a 457 visa holder was now being employed by a entity that had a new ABN to the previous sponsor, then unless those entities were associated in law, then the 457 visa holders would have a very difficult time arguing that they had worked for the same employer for 2 years when applying for their residency. Long story short, if a new ABN took over, then it was very likely that the 2 year calculation would 'restart' with that new company.
Thankfully, the DIBP changed their policy and now apply a much more flexible and common sense approach to the issue. Accordingly, as it stands currently, when assessing whether or not an applicant meets the 2 year requirement, the DIBP will ask the following three (3) questions, and if all three can be answered 'yes', then in most cases, an applicant will meet the criteria:
Accordingly, the policy intention is to allow 457 visa holders to apply under the Transition Stream that 'have been affected by circumstances outside of their control, such as their employer undergoing a business restructure, takeover, sale or closure'. What this tells us is that as long as there is a direct link from the previous entity to the current sponsor (i.e a takeover or sale) then it is likely that applicants will not be assessed too harshly at the DIBP and meet the 2 year requirement.
Importantly however, 457 visa holders are advised to be aware that there is also a separate requirement that the new entity that is nominating them for their permanent residency must also be their current 457 sponsor. To clarify, this means that if Company A is bought out by Company B, then any 457 visa worker who was originally sponsored under Company A must first have their 457's transferred to Company B before Company B can sponsor them for permanent residency.
Readers are also suggested to consider that if applicants are formally qualified in their occupation and have at least 3 years full time experience in their field after their qualifications, then they may be eligible to apply for permanent residency without having to wait 2 years on a 457 visa. This even applies to those who are already on a 457 visa and may perhaps be eligible sooner than waiting the full 2 years.
If you require the assistance of a Immigration Lawyer in Brisbane City today, then give us a call on 1300 MIGR8TE (644 788) or send your questions to enquiry@salvomigration.com.au.
Also, click here for more great blogs by our Migration Agents.
Otherwise you can contact us at the following address:
Salvo Migration
320 Adelaide St
Brisbane QLD 4000
https://goo.gl/Bao5ma
However, sometimes issues arise when during this 2 year period the employer re-structures or is sold to another entity who takes control of the pre-existing business. Importantly, it used to be the case that if a consequence of this type of business restructure/sale meant that a 457 visa holder was now being employed by a entity that had a new ABN to the previous sponsor, then unless those entities were associated in law, then the 457 visa holders would have a very difficult time arguing that they had worked for the same employer for 2 years when applying for their residency. Long story short, if a new ABN took over, then it was very likely that the 2 year calculation would 'restart' with that new company.
Thankfully, the DIBP changed their policy and now apply a much more flexible and common sense approach to the issue. Accordingly, as it stands currently, when assessing whether or not an applicant meets the 2 year requirement, the DIBP will ask the following three (3) questions, and if all three can be answered 'yes', then in most cases, an applicant will meet the criteria:
- Is the nominee still working in the same position, performs the same duties and has the same working conditions in the required 2 year period, regardless of the change of sponsor?
- Does the nominee report to the same management structures?
- Has the nominator retained the same business name and/or operations, but is considered to be a new legal entity?
Accordingly, the policy intention is to allow 457 visa holders to apply under the Transition Stream that 'have been affected by circumstances outside of their control, such as their employer undergoing a business restructure, takeover, sale or closure'. What this tells us is that as long as there is a direct link from the previous entity to the current sponsor (i.e a takeover or sale) then it is likely that applicants will not be assessed too harshly at the DIBP and meet the 2 year requirement.
Importantly however, 457 visa holders are advised to be aware that there is also a separate requirement that the new entity that is nominating them for their permanent residency must also be their current 457 sponsor. To clarify, this means that if Company A is bought out by Company B, then any 457 visa worker who was originally sponsored under Company A must first have their 457's transferred to Company B before Company B can sponsor them for permanent residency.
Readers are also suggested to consider that if applicants are formally qualified in their occupation and have at least 3 years full time experience in their field after their qualifications, then they may be eligible to apply for permanent residency without having to wait 2 years on a 457 visa. This even applies to those who are already on a 457 visa and may perhaps be eligible sooner than waiting the full 2 years.
If you require the assistance of a Immigration Lawyer in Brisbane City today, then give us a call on 1300 MIGR8TE (644 788) or send your questions to enquiry@salvomigration.com.au.
Also, click here for more great blogs by our Migration Agents.
Otherwise you can contact us at the following address:
Salvo Migration
320 Adelaide St
Brisbane QLD 4000
https://goo.gl/Bao5ma
Originally Published here: My Employer Sold His Business - Does My 2 Years Restart on a 457 Visa?
Originally Published here: My Employer Sold His Business - Does My 2 Years Restart on a 457 Visa?
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