Under the complying investment framework for the SIV program,
SIV applicants are required to invest at least $5 million over four years in
complying investments which must now include:
- At least $500,000 in eligible Australian venture capital or growth private equity fund(s) investing in start-up and small private companies (“VCPE”). This is subject to review and the Government may increase this to $1 million for new applications depending on how the market responds;
- At least $1.5 million in an eligible managed fund(s) or Listed Investment Companies (“LICs”) that invest in emerging companies listed on the Australian Securities Exchange (“ASX”); and
- A ‘balancing investment’ of up to $3 million in managed fund(s) or LICs that invest in acombination of eligible assets that include other ASX listed companies, eligible corporate bonds or notes, annuities and real property (subject to the 10 per cent limit on residential real estate).
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