Australia Halts ‘Golden Visa’ Under Broad Migration Overhaul
- Investment of $3.3 million to secure visa said to be scrapped
- Australia is planning an overhaul to boost skilled migration
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Australia has paused applications for individuals who invest more than A$5 million ($3.3 million) into the country as part of a broader immigration policy overhaul designed to entice more skilled migrants.
All applications for the Significant Investor or “Golden Visa” program have been halted. Home Affairs Minister Clare O’Neil said the visa was one of “many aspects” of Australia’s migration system that the government plans to change in order “to create a system which delivers for our country.”