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Attracting investment for venture capital is key to driving recommendations of Financial & Technology Centre Advisory Group Report


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Attracting investment for venture capital is key to driving recommendations of Financial & Technology Centre Advisory Group Report
Atlas Advisors Australia
Australia must create better incentives to attract business and investment from Asia including Hong Kong to help boost our economy and global competitiveness.
This is an important theme of a recent report based on the recommendations of the “Australia as a Financial & Technology Centre Advisory Group” to the Australian Government by Senator Andrew Bragg.
The Australia as a Financial & Technology Centre Advisory Group is a group of leading industry advisors including Atlas Advisors Australia who convened with Senator Bragg in August 2020 to advise on the best path forward for strengthening Australia as an Asia-Pacific business and financial services hub. ....

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Coalition green-lights money laundering visas


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. ....

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