State/ Territory Sponsored

This is a permanent residence visa. You will be able to stay in Australia for five years. The State/Territory Sponsored Business Owner visa (subclass 892) is for people who own a new or existing business and are sponsored by a state or territory authority. You can apply if you already hold a qualifying provisional business visa.
You might be able to get this visa if:

you hold one of the following provisional visas granted on the basis that you or your current or former spouse or de facto partner satisfied the primary criteria:
Business Owner (Provisional) visa (subclass 160)
Senior Executive (Provisional) visa (subclass 161)
Investor (Provisional) visa (subclass 162)
State/Territory Sponsored Business Owner (Provisional) visa (subclass 163)
State/Territory Sponsored Senior Executive (Provisional) visa (subclass 164)
State/Territory Sponsored Investor (provisional) visa (subclass 165).
you met all the conditions of your provisional visa
you are sponsored by a state or territory authority
you have lived in Australia on one of these visas for at least 12 months in the past two years
you have a genuine commitment to continue to maintain business or investment activities in Australia
neither you nor your spouse or de facto partner has ever been involved in unacceptable business activities
You and all your family members meet health and character requirements.

This is a permanent residence visa. It lets you and any family members who have also been granted this visa to:

stay in Australia indefinitely
work and study in Australia
enrol in Medicare, Australia’s scheme for health-related care and expenses
apply for Australian citizenship (if you are eligible)
sponsor eligible relatives for permanent residence
Travel to and from Australia for five years from the date the visa is granted (after that time, you will need a resident return visa or another visa to return to Australia).