The New South Wales (NSW) Government announced a change to its Significant Investor Visa (SIV) requirements to make it easier for applicants to seek NSW nomination and invest in a broader range of investments.
Effective 1 September 2014, overseas investors are no longer required to hold $1.5 million of their $5 million investment in NSW Waratah Bonds but, will still be required to invest the full $5 million in approved complying investments.
Removal of the requirement for investment in NSW Waratah bonds was announced by the Deputy Premier of New South Wales and Minister for Trade & Investment, the Hon Andrew Stoner, on 26 August 2014. A copy of the announcement is here.
More details on NSW Government’s SIV program: http://www.business.nsw.gov.au/live-and-work-in-nsw/visa-and-migration/business-migration/significant-investor-visa
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