What are the key requirements, costs, and processing times for National Innovation visa (subclass 858)?

The National Innovation visa (subclass 858) is designed for individuals with an internationally recognised record of exceptional achievement in various fields, including research, industry, sport, or the arts. This visa offers permanent residence to those whose presence is deemed beneficial to Australia. Key requirements include having an internationally recognised record of exceptional and outstanding achievement, being still prominent in your field, and having an Australian nominator or endorsement where required.

Applicants must also demonstrate that they are an asset to Australia in their field and undergo health and character checks. It's crucial to note that these requirements may be subject to change, and for the most accurate and up-to-date information, it's recommended to consult official immigration sources.

The cost for the main applicant starts from approximately AUD 5,375, and the processing time can vary, with the possibility of expedited processing for exceptional cases. Given the complexity and the potential for changes in immigration policies, it's advisable to verify all details through official channels to ensure the most current information is being considered.