ARTICLE · 21 FEBRUARY 2024

Important Significant Investor Visa (SIV) scheme updates

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What is the SIV scheme? The SIV scheme allocation is being cut.

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Significant Investor Visa (SIV) scheme allocation being cut

Australia's entire Business Innovation and Investment Program (BIIP), including the Significant Investor Visa (SIV), is under review as the government's Migration Strategy released in late 2023 confirms no further allocation will be made to this program.

What is the SIV regime?

The current complying investment framework ("Framework") for SIV is stipulated in the Migration (IMMI 15/100: Complying Investments) Instrument 2015. Only funds that comply with the Framework will constitute complying investments.

Expanded Investment Framework

The Framework extends beyond SIV to the 'Investor visa' (IV). IV holders will be required to maintain an investment of $2.5 million in complying investments.

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