Significant investor visa reform announced
7th Mar 14
The Government announced a review will be undertaken to reboot the significant investor visa (SIV) programme to send a clear message that Australia is open for business and attract international investment to Australia in the competitive global market.
Assistant Minister for Immigration and Border Protection, Senator the Hon Michaelia Cash said 'there will be particular emphasis on examining ways of enhancing greater flexibility and investment choices to significant investor visa applicants, as well as faster processing of applications for this visa. The review will also examine the possibility of introducing a new permanent visa stream for investment migrants.’
The internal review will be conducted in close consultation with the financial services industry and stakeholders.