Significant Investor Visa (SIV) (subclass 888) changes - 1 July 2015

Eligibility for the permanent SIV from 1 July 2015 will require the following residency:

• The primary applicant to reside in Australia for 40 days per year OR the secondary applicant (spouse) to reside in Australia for 180 days per year.
• There will be no residency requirement for all other secondary applicants.
• This residency requirement will be per year and be calculated cumulatively over the four year period of the provisional visa, i.e. 160 days over four years for a primary applicant or 720 days over four years for the secondary applicant (spouse).