Significant and Premium Investor Visa Programs
The Significant Investor Visa (SIV) and Premium Investor Visa (PIV) offer pathways to Australian permanent residence for high net worth international investors.
The new complying investment framework for the SIV and introduction of the PIV are aimed at attracting applicants with business and entrepreneurial skills and capital to invest into innovative Australian businesses and the commercialisation of Australian ideas, research and development.
The SIV and PIV are part of a suite of government policy initiatives which aim to promote investment, innovation and commercialisation of Australian ideas, research and development which are important to our economic future.
The SIV and PIV provide a pathway to permanent residence in Australia while ensuring a balance between investment migration and economic benefit to the Australian economy.
- The SIV is for individuals investing $5 million over four years.
- The PIV is for highly talented and entrepreneurial individuals investing $15 million over 12 months.
The visas are administered by the Department of Immigration and Border Protection (DIBP). Before lodging an application with DIBP, potential applicants for the SIV must be nominated by a state or territory government or Austrade. Information for SIV applicants seeking nomination from a state or territory government is available here. Further information on how to apply for a SIV and Austrade’s nomination process is available here.
DIBP announced on 4 July 2017 a review of Australia’s business investment and talent visas, which will cover the SIV and PIV. Further information on the review is available on the DIBP website. A part of this review, Austrade will lead consideration of selected aspects of the SIV/PIV complying investment framework; further information is available here. Stakeholder submissions for the review close on 31 July 2017.
Austrade was responsible for the design of the new complying investment framework for the SIV and PIV which came into effect on 1 July 2015. Austrade has three primary ongoing responsibilities under the SIV and PIV programs:
- Nominate potential SIV applicants (along with the states and territories);
- Develop the new PIV program and be the sole nominator; and
- Ongoing assessment of the complying investment framework design to ensure the program achieves its objectives over time.
While Austrade developed the complying investment framework for the SIV and PIV, the Department of Immigration and Border Protection is responsible for the management of the migration program including regulatory changes, implementation, compliance and ongoing administration.
Complying investments for the Significant Investor Visa (SIV)
The complying investment framework is aimed at attracting applicants with business and entrepreneurial skills and capital to enhance investment into innovative Australian businesses and the commercialisation of Australian ideas, research and development.
SIV applicants are required to invest at least $5 million over four years in complying investments, which must include:
- At least $500,000 in eligible Australian venture capital or growth private equity (VCPE) fund(s) investing in start-up and small private companies. The government expects to increase this to $1 million for new applications within two years as the market responds;
- At least $1.5 million in an eligible managed fund(s) or listed investment companies (LICs) that invest in emerging companies; and,
- A ‘balancing investment’ of up to $3 million in managed fund(s) or LICs that invest in a combination of eligible assets that include Australian listed securities, eligible corporate bonds or notes, annuities and real property (subject to the 10 per cent limit on residential real estate).
SIV investors will be required to prove to the Department of Immigration and Border Protection (DIBP) that each managed fund they invest in is a complying investment. For more information please see the DIBP Business Innovation and Investment visa (subclass 188) document checklist for details on the documents required to support a SIV application.
The complying investment framework was developed by Austrade following extensive consultations and public consideration of complying investment design options in 2014/15. For further information on the 2014/15 consultation process including a timeline of announcements and media releases, please see the consultation timeline. For information on DIBP’s current review of
Australia’s business, investment and talent visas, please consult the DIBP website.
Complying investments for the Premium Investor Visa (PIV)
The Premium Investor Visa (PIV) is aimed at attracting a small number of highly talented and entrepreneurial individuals to Australia who can contribute those skills and talents into areas which deliver long-term economic benefit to the country. PIV applicants are required to invest at least $15 million over 12 months in complying investments, which include:
- Australian securities exchange listed assets
- Australian government or semi-government bonds or notes
- Corporate bonds or notes issued by an Australian exchange listed entity (or wholly owned subsidiary of the Australian listed entity) or investment grade rated Australian corporate bonds or notes rated by an AFS licenced debt rating agency
- Australian proprietary limited companies
- Real property in Australia excluding residential property
- Deferred annuities issued by Australian registered life companies
- State and territory government approved philanthropic donation.
The PIV is only available at the invitation of the Australian Government, with potential applicants to be nominated by Austrade. Unsolicited expressions of interest for the PIV are not considered. Please note that Austrade will not be nominating for the PIV while the current review of Australia’s business, talent and investment visas, which includes the PIV, is underway.
Information on how to apply for the SIV
The SIV and PIV complying investment framework and information sheet in English.
The SIV and PIV complying investment framework and information sheet in Chinese.
Frequently asked questions about the new complying investment arrangements.
The Migration (IMMI 15/100: Complying Investments) Instrument 2015 and accompanying Explanatory Statement.
The Department of Immigration and Border Protection SIV and PIV webpage.
Register for periodic updates on the complying investment framework for the SIV and PIV.
Questions about the complying investment framework for the SIV and PIV can be directed to Austrade’s Investor Visa Unit by emailing firstname.lastname@example.org.
Any questions about the expression of interest and application process for the SIV, including the assessment of complying investments, should be directed to the Department of Immigration and Border Protection by emailing email@example.com.
This is for information only and is not advice. Any person relying on this information does so entirely at their own risk and Austrade urges any user to seek professional advice before making any decision. Austrade denies liability for any loss arising from reliance on information provided on this website.