Significant Investor Visa Changes (Subclass 188)
This is a media release from the NSW state government:
Wednesday 27 August 2014
NSW STREAMLINES SIGNIFICANT INVESTOR VISA
The NSW Government is making NSW the most competitive destination for high value investor migrants, Deputy Premier and Minister for Trade and Investment Andrew Stoner said today. The NSW Government today announced a change to its Significant Investor Visa (SIV) requirements to make it easier for applicants to seek NSW nomination and invest in a broader range of investments. Mr Stoner said that from 1 September, applicants seeking NSW nomination will be able to invest 100 per cent of their funds in the complying investment of their choice.
“Nominations will no longer be tied to a minimum investment in NSW Waratah Bonds,” Mr Stoner said.
“Under the Significant Investor Visa, successful applicants are required to invest AU$5 million in complying investments for a minimum of four years before being eligible to apply for a permanent visa. “Up to now, NSW nominated applicants have had to make a minimum investment of 30 per cent of this, or AU$1.5 million, in NSW Waratah Bonds. “Waratah Bonds are a safe, fee-free and low risk option for investments. NSW Government Waratah Bonds are one of many good choices available to investors interested in a Significant Investor Visa.
“To make it easier for investors, and to give them more choice, the NSW Government is removing the requirement to invest a minimum amount in Waratah Bonds. “From 1 September, overseas investors considering NSW nominations will be able to choose how to invest every dollar of their complying investment.
What this means is that investors will be free in invest the full AUD$5000000 into complying investments of their choice, allowing for greater risk/reward for the investor.