Changes to Australians Investor Visa Program
This compilation was prepared by the Department of Home Affairs on 7 July 2021 taking into account amendments up to Migration (Complying Investments) Amendment Instrument (LIN 21/041) 2021.
A summary of these changes implemented on 1 July 2021 can be accessed by clicking on this link
In summary, from 1 July 2021 the following CIF ratios will apply to both the Investor and the Significant Investor Visa streams:
20 per cent venture capital and Private Growth Equity funds (VCPE)
30 per cent funds investing in emerging companies
50 per cent in balancing investments
Improvements to the Complying Investment Framework will include:
A clearer definition of Fund of Fund (FoF)
Applicants will be given 6 months to enter into their VCPE agreement, in lieu of the previously allowed 12 months.
A tightening of Emerging companies rules to close previous loopholes
Fund managers will need to complete an annual audit for all of the funds they manage. The managers we work with are all committed to these changes including the annual audits.
Source: https://www.legislation.gov.au/Details/F2021C00656