Processing of applications for Victorian Significant Investor visa nomination under the Commonwealth Government’s new Complying Investment framework has resumed from Wednesday 1 July 2015.
Under the new framework, migrant investors must invest:
- at least A$500,000 in eligible Australian venture capital or growth private equity fund(s) investing in start-up and small private companies
- at least A$1.5 million in an eligible managed fund(s) or Listed Investment Companies (LICs) that invest in emerging companies listed on the Australian Securities Exchange (ASX)
- a ‘balancing investment’ of up to A$3 million in fund(s) or LICs that invest in a combination of eligible assets that include other ASX listed companies, eligible Australian corporate bonds or notes, annuities and real property in Australia (subject to the 10% limit on residential real estate).