Significant Investor Stream – Subclass 188 (Provisional)

Who Is Eligible For This Visa?

•  Be nominated by a state or territory government before being invited to apply for this visa;
• There is no upper age limits;
• There is no need to satisfy the points test;
• You must invest at least AUD 5 million into complying investments in Australia before visa grant, which are:-

  – Commonwealth, state or territory government bonds;
  – Direct investment into private Australian companies not listed on an Australian Stock Exchange;
  – Australian Securities and Investment Commission (ASIC) regulated managed funds with a mandate for investing in Australia:

• • • infrastructure projects in Australia
    • cash held by Australian deposit-taking institutions
    • bonds, equity, hybrids or other corporate debt in Australian companies and trusts listed on any Australian stock exchange
    • bonds or term deposits issued by Australian financial institutions
    • real property in Australia
    • Australian agribusiness
    • annuities issued by an Australian registered life company
    • loans secured by mortgages over the investments listed above
    • derivatives used for portfolio management and non-speculative purposes (which constitute no more than 20% of the total value of the managed fund)
    • other managed funds that invest in the investments listed above