Unusual circumstances such as a global recession or economic factors would normally be taken into consideration, especially when everyone else is being affected across the board in the same industry. Therefore participation in government support measures should not affect your immigration eligibility for application of permanent residence subclass 888 visa. Your application for PR visa can take place at any time, even towards the end of the 4 years 3 months duration of your visa, so you would still have time to build up your business by then, failing which there is always the option of extension of your 188 visa for another 2 years to get your turnover up to required level.
Could I lose my immigration eligibility if I get support for my small business set up for my 188 visa application?
The business I established for my 188 visa application is going through a tough time due to COVID-19. I learned that there are some supportive measures and programs from the federal government to help small businesses. If I enjoy the benefits of these programs, could I lose my immigration eligibility?
We will need to look at the measures you are taking and examine it against the current policy updates to see if you miss out on the turnover requirement in order to achieve Permanent Residence on the 888 visa application. If not, you may benefit from another 188 visa application so that the period of assessment can be extended for your benefit.
It is clear that COVID-19 is an exceptional circumstance that has affected everyone. In case you owe the Australian Government money due to a loan offered to you or have obtained any supportive measures and programs from the federal government to help your businesses due to COVID-19 circumstances, you also will have an approved arrangement in place to pay it back. You can explain this arrangement to pay back in your visa application. Further, you must contact the State or Territory Government agency that sponsored your visa application and request them to consider that there were exceptional circumstances (COVID-19) that you could not meet the assets/turnover/employee's requirements/conditions.
No, you should be ok.