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ARTICLE · 21 JULY 2015

New Significant and Premium Investor Visa programs for immigration to Australia

Holding Redlich
Holding Redlich
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Holding Redlich

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The government has made new regulations which implement a new PIV program and proposed changes to the SIV program.

AustraliaImmigration
Adeline Hiew (Formerly With Holding Redlich)
Adeline Hiew (Formerly With Holding Redlich)
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The Australian Government has made regulations which implement:

  • a new Premium Investor Visa (PIV) program;
  • and its proposed changes to the Significant Investor Visa (SIV) Program,

from 1 July 2015.

The SIV still requires an AUD$5 million investment to be made in Australia, however there have been a number of changes to permitted investments.

Premium Investor Visa

The PIV is a new visa stream available from 1 July 2015. The PIV requires an AUD$15 million investment in Australia. The PIV enables successful applicants to obtain permanent residency after an accelerated period of 12 months. Austrade is responsible for recommending applicants for PIV. However, the States and Territories are able to make referrals of applicants to Austrade. The assessment will be made on an individual basis.

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