The new Subclass 494 (Skilled Employer Sponsored Regional (Provisional)) visa will "replace" subclass 187. However, r 5.19 of the Migration Regulations 1994 will not apply to the new subclass. Instead, nominators will need to satisfy the requirements in the newly introduced r 2.72C, which is very different to r 5.19. For instance, nominators will need to be Standard Business Sponsors (or a party to a work agreement) for the new visa, which is not a requirement for subclass 187.
Practitioners should not assume that the nomination requirements for the new subclass 494 visa will be the same as the current nomination requirements for visa subclass 187.
To give just one example, nominators for the new subclass will need to be an SBS (or a party to a work agreement), which is a requirement for subclass 482, but not for subclass 187.
Another important difference is that...