The Federal Government wants to find a balance between migration, investment capital and economic benefits for the Australian economy in the Significant Investor Visa (SIV) programme. Fixed interest investments are part of the investment program.
Effective from 1 July 2015, a new Complying Investment Framework (CIF) constituting Venture Capital, Small Capital Funds and Balancing Investments was put in place by Austrade for the SIV programme.
As from 1 July 2015, SIV investors must invest $5,000,000 across the following complying investments:
- At least 10% must be invested in a venture capital type fund, which must be registered with a specific Government organisation known as AusIndustry.
- At least 30% must be invested in eligible funds. These funds must invest at least 80% of their assets in listed Australian companies with a market capitalisation of less than $500 million.
- The balance, a maximum of 60% ($3,000,000) may be invested in various Australian complying funds including those that invest in listed property, unlisted property, infrastructure, deferred annuities and non-residential property (10% limit on residential real estate for the complying fund is imposed) or various debt instruments including corporate bonds and notes.
Investment managers must have total funds under management of at least $100 million.
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If you have a fund that is SIV compliant please contact us to have your fund detailed here.