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ARTICLE · 25 MAY 2015

New framework for Significant Investor Visa (SIV) announced

Holding Redlich
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The announcement also provided further information regarding the introduction of the new Premium Investor Visa (PIV).

AustraliaImmigration
Paul Hardman (Formerly With Holding Redlich)
Paul Hardman (Formerly With Holding Redlich)
Phoebe Yin (Formerly With Holding Redlich)
Phoebe Yin (Formerly With Holding Redlich)
Christopher Rowe
Christopher Rowe
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As our readers will no doubt be aware, new applications for the Significant Investor Visa (SIV) have been suspended since 24 April 2015, for the purpose of preparing new framework for the SIV in anticipation of its reintroduction on 1 July 2015.

Last Friday (15 May 2015), Andrew Robb, Minister for Trade and Investment, and Michaela Cash, Assistant Minister for Immigration and Border Protection, made a joint announcement of the Australian Government's much anticipated new investment framework for the Significant Investor Visa (SIV). The announcement also provided some further information regarding the introduction of the new Premium Investor Visa (PIV).

The new arrangements are part of the Australian Government's Industry Innovation and Competitiveness Agenda to facilitate the flow of capital into innovative start-ups and emerging Australian companies. The agenda is to be achieved by stopping SIV applicants from investing the required $5 million into passive

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