Since 2003, Australian immigration law has employed two stage visa processing for business skills migrants. Under these arrangements, almost all business migrants are granted a provisional visa for four years.
After establishing a business with the requisite level of business activity, or maintaining the requisite level of investment in Australia, provisional visa holders are eligible to apply for permanent residence.
A direct permanent residence category is available for high calibre business migrants sponsored by state/territory governments. This is known as the Business Talent visa.