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

PETER DUTTON MENZIE RESEARCH CENTRE ADDRESS

Australian Opposition Leader Peter Dutton Source: AAP / STEVEN MARKHAM/AAPIMAGE

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.


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