Significant Investor Visa Reforms and the New $15 Million Premium Investor Visa

    View Authors October 2014

    On 14 October 2014, the Australian Government announced changes to the Significant Investor Visa (SIV) programme to diversify the source of investors, target premium investors and streamline the administration process.

    The changes include a new ‘Premium Investor Visa’, the introduction of Austrade as a nominating entity and the involvement of Austrade in the process of determining eligible complying investments. From the Government’s announcement, it appears that investment eligibility criteria will change to target key economic and industry portfolios.

    The changes are scheduled to take effect during 2014-15.