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On July 1. the federal government’s new rules on significant investor visas (SIV) – the ticket by which foreign millionaires can gain residency in Australia by investing $5 million into complying investments – came into affect.
The new rules exclude bonds as an investment type and seriously curtail the level of investment in residential real estate projects. By contrast, a minimum of 30% is required to be invested in “small cap” firms, with market capitalisation up to $500 million.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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