The use of the 457 program to self sponsor has effectively been closed by the addition in the 21 November 2015 stack update of the following policy statement:
Position created to secure a migration outcome (PAM3: Genuine Position)
Overview
The intent of the 457 program is to enable Australian businesses to temporarily fill short term skill shortages with overseas workers when they cannot find a suitably qualified or experienced Australian citizen or permanent resident to fill the position. The program is not intended to be used for non-citizens to establish a business in Australia and self-sponsor themselves; there are other visa pathways available for such purposes.
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