This year’s Migration Alliance Significant Investor Visa (SIV) road show hosted by NAB kicked off in Melbourne last night, where attendees loved the opportunity to gain insights directly from fund managers who will be looking after their clients complying investments.

The Sydney event is this coming Tuesday, 1^st September, so don’t miss the chance to hear NAB showcase their offering under the new SIV investment framework and how they can support you and your clients.

Speakers include Suzanne Gilham from NSW Trade and Investment, NAB’s SIV Concierge team of migrant banking and wealth professionals, and leading venture capital lawyer Deborah Johns, from Gilbert + Tobin.

Almost half of the number of people who can call themselves Australians are born overseas or have both parents born overseas. However, these new Australians, despite their immense contribution to their adopted home still face the uphill task of being accepted.

For most of Australia’s history since European settlement, migrants from Europe and specifically the United Kingdom have been the dominant arrival group. This trend continued well into the mid-late 1900s. In recent decades however Asia has become the main source region for migrants, particularly from Southern Asia (India, Sri Lanka, Bangladesh, Pakistan, Nepal and Bhutan) and Chinese Asia (China, Mongolia, Hong Kong and Taiwan) according to the DIBP report, “The Place of Migrants in Contemporary Australia”.

In terms of their contribution, the report says that migrants and their children contribute significantly to the Australian economy. Its data shows that the children of migrants achieve high level qualifications when compared to the general population. Many migrants have high employment and education rates and strong English language skills.

However, in terms of attitudes, the report state that surveys have found that although Australians are generally accepting and welcoming of other cultures, there are sectors of the population for which less tolerance exists and in which problems are evident.

Some say the biggest devaluation of the Chinese currency in 21 years which wiped billions from stock markets came as a surprise and could severely affect the AU$18.1 billion education industry in Australia.

Maryland University finance professor Albert Kyle told The Australian that the devaluation will result in a slowing down of the interest of Chinese businesses and investors in Australian goods and services. This could include Chinese demand for education in Australia, as well as demand for property in Sydney and Melbourne, according to the report in The Australian.

“I think it is going to affect my business and also a big business in Australia, which is educating Chinese students…So that is an export market that will probably shrink since the parents of the children have less discretionary money to afford these relatively expensive degrees and that is why the Australian currency will depreciate along with the Chinese currency,” he said.

However, other analysts disagree and say that the devaluation will have a limited long-term impact on Australia’s education sector.

HSBC chief economist Paul Bloxham told The Australian that the bank didn’t think the currency would fall much further and Australia’s higher education sector would continue to benefit from China’s rising middle class.

“That’s a medium-term structural trend — it doesn’t really get thrown off by what we’ve seen in the last couple of weeks or even the short-term cyclical weakness we’re seeing in China,” Mr Bloxham said.

Some farmers, particularly in Queensland, are under investigation after reports of allegations of sexual coercion of backpackers.

DIBP has told the ABC that ‘there are ongoing investigations of farms identified’ but refused to comment further on the matter or say if the government is considering changing visa laws to prevent such abuse.

Currently, backpackers who arrive on one-year Working Holiday visas are required by law to complete three months farm work in order to qualify for a second year in Australia. Second year Working Holiday Visas were given to 38,000 backpackers from 2014 to 2015. Farmers are tasked with “signing off” and confirming the backpackers have completed the work.

Queensland’s Anti-Discrimination Commissioner Kevin Cocks has detailed disturbing allegations of farmers using their position to sexually exploit female backpackers seeking visas.

Mr Cocks told the ABC “at least a dozen” cases had been reported of backpackers being asked to perform sexual favours in exchange for having their work signed off.

Is it “jurisdictional error” – and thus grounds for setting aside a Departmental decision to refuse a visa application – when a Departmental officer decides a visa application on the basis that she/he is “required” to take certain matters into account, when the applicable regulation only says that the officer “may” take the matters into consideration?

Does every jurisdictional error require that the underlying decision on the visa application be set aside?

Or does jurisdictional error only matter when it makes a material difference to the outcome of the visa application?