SIGNIFICANT INVESTOR VISA AND INVESTOR VISA

The Australian Government’s Significant Investor Visa (SIV) and Investor Visa (IV) are streams within the Australian Government’s Business Innovation and Investment (Provisional) (Subclass 188) visa and the Business Innovation and Investment (Permanent) (Subclass 888) visa which enables a high net worth individual the ability to migrate to Australia and secure permanent residency. Provisional SIV holders invited to apply for this visa after 1 July 2021 are required to invest $5 million (AUD) into complying significant investments for the duration of the provisional visa. Provisional SIV holders may be eligible to apply for a permanent visa after holding the visa for at least three years or through the Significant Investor Visa Extension stream and also after having satisfed the other requirements.

Provisional IV holders invited to apply after 1 July 2021 are required to invest $2.5 million (AUD) into complying significant investments for the duration of the provisional visa. Provisional IV holders may be eligible to apply for a permanent visa after holding the visa for at least three years and satisfying the other requirements.

Please see the Department of Home Affairs website for further information (https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-listing/business-innovation-and-investment-188).

The SIV complying investment rules were changed in 2021 by the Australian Government and from 1 July 2021, SIV applicants are required to invest at least $5 million (AUD) in complying investments, which must include:

  • Up to $2.5 million in one or more balancing investment such as managed funds that invest in a combination of eligible assets that include Australian listed securities, eligible corporate bonds or notes, annuities and real property (subject to the 10% limit on residential real estate);
  • At least $1.5 million invested in an Australian emerging companies fund; and
  • At least $1 million in Australian venture capital or growth private equity fund(s).

The IV complying investment rules were changed in 2021 by the Australian Government to be consistent with the SIV complying investment rules. From 1 July 2021, IV applicants are required to invest at least $2.5 million (AUD) in complying investments, which must include:

  • Up to $1.25 million in one or more balancing investment such as managed funds that invest in a combination of eligible assets that include Australian listed securities, eligible corporate bonds or notes, annuities and real property (subject to the 10% limit on residential real estate);
  • At least $0.75 million invested in an Australian emerging companies fund; and
  • At least $0.5 million in Australian venture capital or growth private equity fund(s).

Under both the SIV and the IV rules, the APN AREIT Fund qualifies as a complying balancing investment. For further information or for a copy of the 1413D Declaration Form please call our Investor Services Team on 1300 027 636 or at investorservices@dexus.com or contact your registered migration agent.

 

Disclaimer

This summary has been prepared by Dexus Asset Management Limited (DXAM) (ACN 080 674 479, AFSL No. 237500) for general information purposes only and whilst every care has been taken in relation to its accuracy, no warranty is given or implied as to the fairness, accuracy or completeness or correctness of the information. DXAM is a wholly owned subsidiary of Dexus (ASX:DXS). DXAM is the responsible entity and issuer of interests in the APN AREIT Fund (Fund). The information provided in this material does not constitute financial product advice or migration law advice and does not purport to contain all relevant information necessary for making an investment decision. It is provided on the basis that the recipient will be responsible for making their own assessment of financial needs and will seek further independent advice about the investments as is considered appropriate. Past performance is not necessarily an indication of future performance. Returns shown are for retail investors, net of fees and costs and are annualised for periods greater than one year. Returns and values may rise and fall from one period to another. Investors’ tax rates are not taken into account when calculating returns. General risks apply to an investment in the Fund and must be considered before making an investment. In deciding whether to invest or continue to hold an investment in the Fund, a person should obtain a copy of the relevant Product Disclosure Statement (PDS) for the Fund and consider its content. DXAM recommends that a person obtain financial, migration, legal and taxation advice before making any financial investment decision. To find out whether the Fund is a suitable investment for your migration application, please speak to a registered migration agent.  DXAM does not represent that investment in the Fund will lead to the grant of a provision or permanent SIV or IV as other conditions apply. Allotments or issues of securities will be made only on receipt of an application form attached to a copy of the relevant PDS. A copy of the PDS is available from Dexus Asset Management Limited, Level 30, 101 Collins Street, Melbourne, Victoria 3000 or by visiting https://apngroup.com.au/fund/areit/.

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