On 07 June 2022, the Minister of Finance, Economic Planning and Development (Minister of Finance) tabled the National Budget for the fiscal year 2022-2023 under the theme "With the People, for the People".
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New Australian visa changes coming in July – what South Africans should know
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A simplified Australian Business Innovation and Investment Programme will halve the number of streams and provide clearer routes to permanent Australian residency for all applicants, says Sam Hopwood, Australian migration agent for
Hopwood said that from 1 July 2021, the Australian Business Innovation and Investment Programme will consist of just four streams: Business Innovation, Entrepreneur, Investor and Significant Investor.
This is down from the nine streams that have been available since the Premium Investor stream was launched in 2015.
Australia already holds a place as one of the top 10 citizenship-by-investment countries in the world. The refinement of the remaining streams aims to encourage further investment and make it easier for investors to remain in the country, he said.
Coalition green-lights money laundering visas
at 11:00 am on December 18, 2020 | 24 comments
The Morrison Government has tightened some business and investment visas, but curiously left the ‘golden ticket’ Significant Investor Visa (SIV) commonly used for money laundering untouched:
Business migrants will face tougher requirements under changes to investment visas that have so far drawn in at least $12 billion from mostly Chinese nationals.
The existing nine different business and investment visas will be cut back to four with various thresholds of required investment adjusted…
The Business Innovation visa, which allows migrants to operate a new or existing business in Australia, will remain but applicants will now be required to hold business assets of $1.25 million, up from $800,000.