The New SIV Requirements: What Does this Mean for Australia’s Venture Capital Industry and Beyond?

On 14 October 2014, the Australian Government announced changes to the Significant Investor Visa (SIV) program and the introduction of a Premium Investor Visa (PIV) as part of a package of policy initiatives aimed at promoting investment and innovation in Australia and in particular, to provide a much needed capital injection for Australia’s venture capital industry.

On 1 July 2015, the Australian Government implemented the new SIV (AU$5 million) and PIV (AU$15 million) investment requirements under the new ‘Complying Investment Framework’ developed by Austrade.