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ARTICLE · 21 AUGUST 2013

Significant Investor Visa - complying investment categories expanded

Investors and ASIC-regulated fund managers can now offer a broader range of investment classes to SIV applicants.

AustraliaImmigration
Michelle Segaert
Michelle Segaert
Vinod Kumar
Vinod Kumar
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On 13 August 2013, the Minister for Immigration and Citizenship expanded the categories of "complying investments" for the Significant Investor Visa (SIV).

The changes are good news for investors and ASIC-regulated fund managers who can now offer a broader range of investment classes to SIV applicants.

New asset classes

From 23 November 2013, ASIC-regulated fund managers will be able to offer these additional asset classes to SIV investors:

  • cash-like instruments held by Australian banks
  • securities that are expected to be listed on the Australian Stock Exchange (ASX) within 12 months
  • annuities issued by Australian life insurance companies
  • derivatives used for portfolio management purposes

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