Chinese launder billions in Australian property

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For years, experts have raised concerns over a class of Australian visa that has operated for 10 years without rejections.

Over 7,000 Chinese citizens have been approved for the Significant Investor Visa (SIV) scheme, which requires a minimum investment of $5 million.

These so-called ‘golden ticket’ visas confer an automatic right to Australian permanent residency, and unlike other visa classes, they are not required to speak or learn English.

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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.