If you have the qualifications for FSW right now, and your application is ready to be sent then DO SO NOW. It has to be RECEIVED by CIO no later than 30 June 2011. (If your application reaches CIO after 30 June you may still be OK, if they have not changed the points system and qualifications significantly.) If you are not ready, then you will have to wait until the instructions for the 1 July 2011 - 30 June 2012 period are announced to see if you still qualify. If you do not qualify, they will reject and retain your application, but return the fees you enclosed....eventually.