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Significant Investor Visas - Balancing Investments


Written By Dion Hawkins
Thu, May 28, 2015
Dion Hawkins

The Australian Government has changed the rules for foreigners seeking permanent residency in Australia using the Significant Investment Visa (SIV) and Premium Investor Visa (PIV) pathways.

The changes which will be introduced from July 1 2015 are the result of a public consultation process which identified that the majority of capital was being directed into passive investments including government bonds and indirect investment into residential real estate through managed funds.

The new framework for the SIV will contain a prescribed investment mix:

  • • At least $500,000 in eligible Australian venture capital or growth private equity fund(s) investing in start-up and small private companies. The Government expects to increase this to $1 million for new applications within two years as the market responds;
  • • At least $1.5 million in an eligible managed fund(s) or Listed Investment Companies (LICs) that invest in emerging companies listed on the Australian Securities Exchange (ASX); and
  • • A ‘balancing investment’ of up to $3 million in managed fund(s) or LICs that invest in a combination of eligible assets that include other ASX listed companies, eligible corporate bonds or notes, annuities and real property (subject to the 10 per cent limit on residential real estate).

There is less detailed information available on complying investments for the PIV. The PIV is being targeted at ‘highly talented and entrepreneurial individuals’ willing to invest as little as $15 million into Australia. Among the scope of eligible investments that have been identified by the Government, such as ASX listed assets and government and corporate bonds, it is difficult to imagine what distinguishes a ‘highly talented and entrepreneurial individual’ from a regular investor with an abundance of spare capital.

The PIV will be available on an invitational only basis, with Austrade as the gatekeeper. State and Territory governments will be permitted to refer candidates of high potential to Austrade.

If you are considering making a significant investment in Australia and are interested in becoming a permanent resident, please contact a TSS migration agent for a confidential discussion of your options on 03 9421 1020.

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