Australia needs better investor visa scheme


Fund manager, Atlas Advisors Australia, has urged the Australian Government to increase incentives under the Significant Investor Visa (SIV) Scheme in order to maximise the opportunities and benefits to Australia.
Atlas’ executive chair, Guy Hedley, said that although the program brought in billions to the Australian economy and helped grow Australian companies and start-ups, the hard figures did not account for the longer-term economic and other benefits of the scheme.
“This does not account for the impact super wealthy migrants have on the Australian economy for the years after they obtain permanent residency,” Hedley said.
“These new migrants not only pour billions of dollars into our economy, they also bring skills, expertise and experience that is assisting Australia to enhance its competitiveness in global trade and build better links with international markets. These effects last for generations.”
Additionally, many applicants make additional investments to improve their knowledge of the business environment and build stronger connections to Australian communities.
Atlas, which also has $1.7 billion of funds under management and manages the investments of many of the highest net worth Chinese investors into Australia, said that the government should recognise the value and contribution that new migrants make would be critical.
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.