Significant Investor Visa (SIV) - Update

The table below shows statistics since commencement of the SIV on 24 November 2012 until 31 August 2014.

Item	Total
Expressions of Interest (EOI) submitted through SkillSelect	1650
Invitations to apply for a SIV issued as a result of applicants being nominated by a state or territory government	1382
Primary applications lodged	1172
Primary visas granted	386

As of 31 August 2014:

·         45.8 per cent of primary visa applications have been on hand for less than three months

·         AUD1.930 billion has been invested in Complying Investments

·         AUD3.055 billion is proposed to be invested in Complying Investments.

The table below shows the state and territory distribution of the SIV.

Significant Investor visa: State and territory distribution - 24 November 2012 - 31 August 2014

State	EOIs submitted	Invitations	Applications lodged	Visas granted
Any	39	N/A	N/A	N/A
ACT	4	0	0	0
NSW	550	431	380	146
NT	1	0	0	0
Qld	105	82	64	22
SA	41	35	24	9
Tas.	3	1	1	0
Vic.	846	783	663	193
WA	61	50	40	16
Total	1650	1382	1172	386

The table below shows the distribution of primary visa applications and visa grants for the top five source countries for the SIV.

Applicants for top five source countries	Percentage of total visa applications	Grants for top five source countries	Percentage of total visas granted
China	90.9	China	87.6
Hong Kong	3.1	Hong Kong	3.1
Malaysia	1.0	South Africa	1.6
South Africa	0.6	Japan	1.3
Taiwan	0.6	Malaysia	1.3

The table below shows the state and territory distribution of SIV for the 2013-2014 financial year.

Significant Investor Visa: State/territory distribution - 1 July 2013 – 30 June 2014

State	EOIs submitted	Invitations	Applications lodged	Visas granted
ANY	13	N/A	N/A	N/A
ACT	1	0	0	0
NSW	287	209	198	101
NT	0	0	0	0
Qld	54	36	33	19
SA	25	28	20	8
Tas.	1	1	1	0
Vic.	582	517	452	140
WA	29	24	18	14
Total	992	815	722	282

 

Source: DIBP