The PIV would offer a more expeditious pathway for international investors to permanent residency as compared to the existing Significant Investor Visa (SIV). Under the PIV a 12 month pathway to permanent residency would be available for investors meeting a $15 million threshold in an eligible investment.
At present SIVs are available for applicants making an eligible
investment in Australia of at least A$5 million for a minimum of four years.
The Government said it would further enhance this programme to
encourage more high net worth individuals to make Australia home and to
leverage and better direct additional foreign investment.
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