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Opposition announces plans to reinstate millionaire visa scheme scrapped by Labor over fraud concerns

Opposition announces plans to reinstate millionaire visa scheme scrapped by Labor over fraud concerns

The Significant Investor Visa (SIV) scheme (Subclass 188), introduced in 2012 by the Gillard government, allowed applicants to stay in Australia for up to five years by investing at least $5 million in approved channels. Although the visa program was discontinued last year, it is back in the spotlight after opposition leader Peter Dutton announced plans to reinstate it.

SBS Hindi · SBS Audio

February 12, 20258m 0s

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Show Notes

The Significant Investor Visa (SIV) scheme (Subclass 188), introduced in 2012 by the Gillard government, allowed applicants to stay in Australia for up to five years by investing at least $5 million in approved channels. Although the visa program was discontinued last year, it is back in the spotlight after opposition leader Peter Dutton announced plans to reinstate it.