The NSW Government has announced the removal to its Significant Investor Visa (SIV) requirement to invest a minimum of $1.5 million dollars in Waratah Bonds as part of a SIV nomination to reside in NSW. NSW Treasurer said that from 1 September, applicants seeking NSW nomination will be able to invest 100 percent of their funds in complying investments of their choice.
“Nominations will no longer be tied to a minimum investment in NSW Waratah Bonds,” Mr Stoner said. Previously under the Significant Investor Visa regime, applicants wishing to nominate NSW as their sponsoring state were required to invest a minimum of $1.5 million dollars into NSW government Treasury Waratah Bonds, the proceeds of which the Government had stated would be used to fund future infrastructure development for the benefit of NSW taxpayers.
The NSW treasurer added in his announcement that “To make it easier for investors, and to give them more choice, the NSW Government is removing the requirement to invest a minimum amount in Waratah Bonds. From 1 September, overseas investors considering NSW nominations will be able to choose how to invest every dollar of their complying investment.”
For those fund managers offering complying investments to SIV investors this announcement will provide additional investment flows and allow investors to potentially invest in higher returning investments than the low risk but also low return NSW government waratah bonds.
How Can One Investment Group Help?
One Investment Group is a corporate trustee business that works with fund managers to launch and manage SIV compliant funds marketed to investors seeking to invest their $5 million investment as part of the Significant Investor Visa regime.
If you would like to know more please contact us
About One Investment Group
One Investment Group was established to provide responsible entity and trustee services to external fund managers. One Investment Group currently owns and operates five entities with Australian Financial Services Licences. These entities are licensed to provide a range of financial services. In total, these entities have over 35 years’ experience of acting in such roles. Each licensed entity’s board has directors selected to cater for the respective trusts which that entity administers.
Since its establishment, One Investment Group has diversified into providing custody, fund administration, registry and taxation services. One Investment Group is now in a unique position in that it is able to provide a complete solution including Responsible Entity/Trustee, Custodian, Registrar and Fund Administrator. Alternatively, One Investment Group is able to provide a single service working alongside external service providers or the existing Responsible Entity/Trustee.