Business Program Update

  • The BSMQ business program will close tonight at 12am (midnight AEST) on 24 February 2021. EOIs submitted on Skillselect before this time will picked-up and considered for nomination.
  • Applications already invited and under consideration will continue to be assessed.
  • We are closing due to the significant backlog of applications currently in our pipeline.
  • BSMQ will advise in April whether we will open again for the 2020-21 program year.


491 - Small Business Stream Update

  • From 1 April 2021  the pre-existing business purchased will need to have been in operation for 2 years instead of 1 year.
  • There will also need to be a minimum purchase price of $100,000 (rather than total investment in the business).
  • Furthermore, sub-leases of franchises (such as petrol stations), and home-based businesses (such as courier and cleaning businesses) will not be considered.
  • These requirements are aimed at ensuring the program is sustainable in the long-term.

Please note: businesses that have been purchased prior to 1 April 2021 are not subject to these requirements.



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