I was delighted to attend the annual Lebanese Chamber of Commerce luncheon on 21st August 2017 at Doltone House, Jones Bay Wharf, where the Hon Scott Morrison, MP and Federal Treasurer was the guest speaker.
Whilst off to a slow start, there have now been 193 temporary resident visa’s granted under the new investment regime introduced from 1 July 2015. This takes the total number of SIV visas granted to 1,824 since the commencement of the programme on 24 November 2012.
It is now two years since the new investment framework was introduced to the Significant Investor Visa (SIV) program. At the time, it was flagged that the mandated venture capital component may be doubled to $1M or 20% of the $5M complying investment. Austrade recently called on the industry to submit comments for review.