Insights into new investment framework – Basis Point 3rd Annual SIV Conference

Basispoint_teamBasis Points 3rd Annual Significant Investor Visa (SIV) conference  held at the Sydney Hilton on the afternoon of 22nd of July, 2015 attracted 340 delegates who were keen to hear about the new investment framework.

Basis Point_Jason MurrayThe conference was moderated by Stacey Martin, NAB Asia Ambassador and opened by Jason Murray, General Manager of NAB Private Wealth, NSW/ACT who shared insights on the local HNW market and what any discerning client is looking for in terms of relationships.

Focus for the 3rd annual BasisPoint SIV conference was mainly on the new investment categories mandated from 1 July, 2015 of venture capital and small emerging companies. The new investment criteria is absolutely more challenging for the predominately Chinese SIV Applicants, moving from largely passive investments such as government bonds and direct property, to active investments such as shares and private equity.

There was discussion on the timing mismatch of the 4 year visa term and the private equity which is generally up to 10 years. Many of the participants were looking for pre-packaged solutions and some of the presenters have made progress with products designed to appeal to the Chinese HNW market.

Basis Point_panel_rita chowdhuryInterestingly it is thought the Premium Investor Visa (PIV), which requires an investment of $15M and can include philanthropic donations, may be targeted to the U.S. investment migrants. According to Rita Chowdhury, the Withers “Meaning of Wealth in the 21st Century” research shows more American families are interested using their wealth for social or philanthropic purposes, or the “wealth application stage”. This is in contrast to Asia which is evolving from operational businesses or the “wealth generation stage”.

Whilst there is some concern of a drop off in the rate of visa applications initially, the benefits of moving to Australia remain. It is up to local advisors to educate potential SIV and PIV applicants on the local legislative environment, and the broader investment landscape so they can make informed decisions.

Delegates enjoyed some structured networking and were able to ask questions of speakers and sponsors at the round table networking sessions. There was much discussion of the opportunity ans how industry participants can collaborate across the various professions to make the journey for SIV Applicants as smooth as possible.

For an overview of the conference program click here.

Basis Point logo