Millionaire’s visa programme faces axe in Australia


SYDNEY: Australia is set to review a visa for people who invest at least A$5mil (US$3.4mil or RM15.3mil) in the country, with the home affairs minister saying she sees little reason to retain the programme that has been criticised as providing a fast track for wealthy Chinese.

The Significant Investor visa is designed to attract funds into the country, with holders required to maintain their investment for the term of the visa, which can be up to five years.

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Australia , visa , invest , home affairs minister ,

   

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