Significant Investor Visas: Range of eligible managed fund investments expanded

The list of eligible managed fund investments has been expanded with effect from the 23rd of November, 2013, and now includes:

>  Bonds, equity, hybrids or other corporate debt in companies and trusts listed or expected to be listed within 12 months on an Australian Stock Exchange

>  Annuities issued by an Australian registered life company in accordance with section 9 or 12A of the Life Insurance Act 1995

>  Derivatives used for portfolio management and non-speculative purposes which constitute no more than 20 per cent of the total value of the managed fund

>  Loans secured by mortgages over some of the investments listed in the legislative instrument introducing these changes.

The legislative instrument introducing the change is here.

Further commentary regarding the Significant Investor Stream as a visa pathway for moving to Australia is here.