About the SIV program
Business Innovation and Investment (Provisional) (Subclass 188c) Significant Investor Visa (“SIV”) was initially introduced by Australia Federal Government in 2012 (‘Old SIV’), and then a revised SIV regime came into effect for SIV visa application lodged on or after 1 July 2015 (‘New SIV’). Therefore, the rules for a complying investment under the SIV program depend on the date of application by the applicant. Applicants applying for an SIV after 1 July 2015 are required to comply with Migration Regulations 1994 – Regulation 5.19 C (“New Rules”).
Under the new rules, applicants are required to invest a total amount of A$5 million for the period the visa is in effect (i.e. a minimum period of 4 years) with the option to extend for an additional two years, with a maximum of two extensions permitted (i.e. a maximum investment term of eight years) provided the SIV holder continues to meet certain eligibility requirements.
SIV Investment Conditions
Significant Investor stream applicants must be willing to make a 'Complying Significant Investment' of at least AUD$5 million over 4 years. The investment must be made as follows:
Minimum AUD$500,000 in venture capital and growth private equity funds which invest in start-ups and small private companies
Minimum AUD$1.5 million in approved managed funds investing in emerging companies listed on the Australian Stock Exchange
Minimum $AUD3 million 'balancing investment' in managed funds that may invest in a range of assets, such as ASX-listed companies, Australian corporate bonds or notes, annuities, and commercial real estate.
A summary of the complying investment framework is available on the Austrade website
Emerging Companies/Small Caps Fund:30%
Venture Capital Limited Partnership (VCLP):10.0%
SIV Investment Rules
JM SIV Investment Fund
JM SIV Commercial Fund
The Fund is structured as an unregistered wholesale managed investment scheme that comprises the CA and a series of discrete Sub-Schemes. The Sub-Schemes each hold a single Approved Investment Proposal(s) (AIP). As the investor, you have ultimate control over which AIP(s) you invest your money in. from time to time by the Trustee. When Member’s funds are not contributed towards Approved Investment Proposal(s), these funds are held within the Cash Account (CA), whereby Investors may earn interest as confirmed from time to time by the Trustee.